Trump Says He Has Pushed for Diesel Export Ban
- On Tuesday, President Donald Trump backed a potential diesel export ban at the United Nations, while Treasury Secretary Scott Bessent said the administration is examining whether a full or partial ban is feasible in terms of overall refining capacity.
- Record-High diesel prices of $6.5107 per gallon on Monday prompted the proposal, as wars in Ukraine and Iran have sharply cut exports from major producers like Russia, Saudi Arabia, and the United Arab Emirates.
- Former Congresswoman Marjorie Taylor Greene touted the plan as an America First move, saying "All of our home produced gas and diesel should be for Americans and should be cheap!" while Trump connected it to Ukrainian attacks on Russian refining sites.
- GasBuddy analyst Patrick De Haan warned the move could harm long-term refinery investments, cautioning that "refinery expansions" rather than government control would strengthen America and that a ban would cause "refineries would just shift to jet fuel and it'd lead to more market madness."
- Trump told reporters a decision would come "fast one way or another," saying "I think it's going to happen," as oil markets rallied with West Texas Intermediate crude rising 1.41% to $93.67 and Brent crude gaining 1.68% to $102.03 during Monday's overnight session.
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Ahead of midterm elections, and with diesel prices “burning” farmers and truck drivers, Trump is considering banning exports. A decision that could backfire. The post Trump Considers Banning Diesel Exports – Fuel Prices Leave Him No Room appeared first on in.gr.
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Trump Backs Possible Diesel Export Ban as Energy Costs Pressure U.S. Industries
President Donald Trump said he supports considering restrictions on U.S. diesel exports as his administration examines options amid energy-market disruptions that have increased pressure on ... The post Trump Backs Possible Diesel Export Ban as Energy Costs Pressure U.S. Industries first appeared on [your]NEWS.
Trump Backs Diesel Export Ban; Bessent Says Admin 'Examining That'
The Hill The Trump administration is considering a ban on exports of diesel as high prices of the fuel put a crunch on American agriculture and trucking. Asked Tuesday whether he was considering a ban on diesel exports, as some Republican lawmakers have called for in recent days, President Trump said, “I’ve called for that, too.” “I’ve said, ‘Let’s not send out the diesel.’ We make a lot of diesel,” Trump said during a bilateral meeting with U…
‘Let’s not send out the diesel’: US President Trump pushes diesel export ban
US President Donald Trump said on Tuesday he backed a ban on diesel exports, as Republican candidates in some of the tightest election races in November called for the measure as a way to curb record fuel prices. Diesel prices have shot to record highs in the US and Europe as wars in Iran and Ukraine sharply cut exports from some of the biggest producers such as Russia, Saudi Arabia and the United Arab Emirates
U.S. President Donald Trump declared Tuesday in favour of banning diesel exports, after prices skyrocketed in the wake of the war in the Middle East.
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