White House denies report US is considering a diesel export ban
President Donald Trump backed the idea as Energy Secretary Chris Wright said a ban would reduce refining and raise gasoline and jet fuel prices.
- 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.
264 Articles
264 Articles
The European Commission is watching with concern the consideration of US President Donald Trump to ban diesel exports. This American fuel accounts for about half of Europe's imported diesel, so any supply disruption could hit both its price and supply.
The European Union (EU) on Thursday strongly condemned a potential ban on US diesel exports backed by President Donald Trump, calling it a "bad idea" that would harm both sides.
The European Commission says that "high-level contacts between the EU and the US administration are under way" on this subject, while prices are reaching record levels on both sides of the Atlantic.
Donald Trump plans to ban U.S. diesel exports to counter price increases. According to the European Commission, a very bad idea is highly dependent on the U.S. market. ...
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