White House denies report US is considering a diesel export ban
- On Wednesday, the White House clarified that a flat diesel export ban is not under consideration, contradicting earlier signals from President Donald Trump and Treasury Secretary Scott Bessent that raised alarms in Mexico.
- Record diesel prices averaging $6.52 per gallon prompted Republican leaders, including Louisiana Governor Jeff Landry and Senator Chuck Grassley, to demand export restrictions to protect farmers and truckers from surging costs.
- Energy Secretary Chris Wright and oil industry groups warned that restricting exports would force refineries to cut production, potentially raising gasoline and jet fuel prices while failing to lower diesel costs.
- Governor Landry issued an executive order Wednesday allowing farmers and timber harvesters to use tax-exempt dyed diesel in highway vehicles through October 22 to mitigate record-high fuel costs.
- Fuel costs remain a significant political liability for Republicans ahead of the November 3 midterm elections, as analysts warn that export bans could exacerbate global supply chain disruptions, particularly impacting Mexico.
378 Articles
378 Articles
Does Trump continue to fuel the energy price crisis in Europe? Brussels is defending itself against the planned export stop of diesel from the USA
The European Union is concerned about US plans to ban oil exports, which would have negative effects on both sides of the Atlantic, European Commission spokesman Olof Gill told reporters on Thursday, adding that Brussels is in contact with Washington.
The U.S. energy industry, represented by companies, manufacturers, refiners and oil and gas producers, urged Donald Trump to reject the initiative to ban diesel exports, as he warned that the measure will not only increase the price of energy in that country, but will lose market to other exporting nations.
Reality Tea
MandatoryDonald Trump Receives Stark Warning from Businesses After Diesel Export Ban
President Donald Trump is weighing a diesel export ban to calm soaring fuel costs. Still, America’s most influential business lobbies say the idea would backfire badly and leave consumers paying more at the pump. US business and energy groups warn about the impact of diesel export ban Major U.S. business groups gave a warning to […]
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