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.
488 Articles
488 Articles
US to ban diesel exports? Trump weighs drastic move as White House tells Ted Cruz ‘no’: Report
The White House has assured Senator Ted Cruz that the Trump administration will not impose a blanket ban on US diesel exports, Bloomberg reported, even as President Donald Trump weighs restrictions to curb record diesel prices. The administration is also considering measures involving tax-exempt red diesel and biofuel blending rules.
U.S. Energy Secretary Rejects Outright Diesel Export Ban, Favors Voluntary Limits
Energy Secretary Chris Wright said Wednesday the Trump administration plans to steer clear of an outright ban on diesel exports, rejecting a Politico report that the White House was preparing a 90-day prohibition that could be announced within days, according to remarks reported by the Wall Street Journal. Speaking on the sidelines of the United Nations General Assembly, Wright said he favors voluntary limits on diesel exports instead. "We're tr…
Europe stands up against exploding fuel prices with billions of aid – but Trump's threatening diesel export ban threatens the supply.
The threat of blocking disturbing exports Brussels. Commissioner Jorgensen: "Next winter could be the worst since 2022"
Given the high prices and the impossibility of buying hydrocarbons from Russia due to its sanctions, the European Union pleads with Washington not to limit exports to the Old Continent
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