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Trump Considers Diesel Export Ban to Combat Fuel Costs

5 sources · 5 articles
Trump Considers Diesel Export Ban to Combat Fuel Costs

President Trump is "very seriously" considering a ban on U.S. diesel exports as a strategy to lower fuel prices. Economists and analysts warn the move could backfire, potentially raising global diesel prices and increasing U.S. gasoline prices as refiners adjust. The U.S. is the world's largest diesel producer and exporter.