Donald Trump Says Diesel Export Ban Could Hurt Gas Prices
Trump said he is still considering a diesel export ban as record prices and Middle East supply disruptions keep pressure on U.S. energy markets.
- On Wednesday, President Donald Trump said he is "thinking about" restricting diesel exports, conceding the move carries risks to gasoline prices amid elevated fuel costs.
- The Chamber of Commerce and American Petroleum Institute warned recently that an export ban would reduce fuel production, tightening supplies and raising costs for American families and truckers.
- Energy Secretary Chris Wright stated that American refiners are running at record highs, noting that upcoming European shipments will "meaningfully push diesel prices down" without requiring an export ban.
- Separately, the Pentagon is tapping SpaceX CEO Elon Musk and former House Speaker Newt Gingrich to identify future military capabilities, while Google unveiled its new Gemini AI model.
- Minneapolis Federal Reserve President Neel Kashkari told CNBC that "inflation is still too high," tempering market optimism as U.S. futures rose modestly Thursday amid caution over energy policy.
14 Articles
14 Articles
Donald Trump Says Diesel Export Ban Could Hurt Gas Prices
President Donald Trump warned that restricting diesel exports could raise gasoline prices as the administration weighs ways to lower fuel costs. He said Wednesday that he remains open to the idea despite acknowledging its potential impact on gasoline prices. Donald Trump says he is still considering diesel export restrictions as fuel costs remain elevated Trump […]
Donald Trump said he is discussing the possibility of imposing restrictions on diesel exports “every day” as the White House tries to curb rising fuel prices that could have a heavy political cost next month in the US midterm elections. Speaking to reporters in the Oval Office, Mr. Trump said […] The article Trump Considers Restrictions on Diesel Exports to Contain Prices in the US appeared first on Seleo.gr.
US-Israel-Iran War Live News: Donald Trump Still Considering Diesel Export Ban as Iran War Halts Supplies and White House Races to Curb Soaring Energy Prices
President Donald Trump is actively considering a ban on U.S. diesel exports to lower record-high domestic fuel prices, stating on October 1, 2026, that discussions regarding the policy are happening "every day".
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