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Trump Considers Diesel Export Ban to Combat Rising Fuel Costs

6 sources · 6 articles
Trump Considers Diesel Export Ban to Combat Rising Fuel Costs

President Trump is "very seriously" considering banning U.S. diesel exports to lower domestic fuel prices. Economists warn the ban could backfire by raising global diesel prices and increasing U.S. gasoline prices as refiners adjust production. The U.S. is the world's largest diesel producer and exporter.

Center1

Center outlets present the threat neutrally, noting the U.S. position as the world's largest diesel exporter and flagging that the announcement has alerted international buyers to potential supply disruptions.