Trump administration reviews possible diesel export ban
Diesel export ban review could ease U.S. fuel prices as record costs squeeze drivers See how Trump officials are weighing the move against refining limits and export profits
The Trump administration is reviewing whether a diesel export ban could help ease elevated fuel prices in the United States, Treasury Secretary Scott Bessent said Tuesday.
Bessent said officials are assessing whether a full or partial ban would be workable given domestic refining capacity. Trump said a decision could come quickly and noted that he has discussed the idea with his team.
The move comes as diesel prices have climbed to record levels, with pressure from tighter global refining capacity and disruptions tied to the wars in Eastern Europe and the Middle East. U.S. refiners have also increased exports to benefit from higher margins.