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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.
- 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 businesses.
- According to Energy Secretary Chris Wright, American refiners are running at record highs, noting that upcoming European shipments will "meaningfully push diesel prices down."
- 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," while U.S. futures rose modestly Thursday amid market caution.
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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 […]
He made no mention of either the war against Iran or the Strait of Hormuz.
US President Donald Trump did not rule out the possibility of banning diesel exports from the United States, blaming the rapid rise in prices for this fuel on the war of Russia and Ukraine.
Coverage Details
Total News Sources11
Leaning Left2Leaning Right1Center1Last UpdatedBias Distribution50% Left
Bias Distribution
- 50% of the sources lean Left
50% Left
L 50%
C 25%
R 25%
Factuality
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