U.S. weighs diesel export ban as prices stay elevated
Diesel export limits could ease record fuel prices as Trump weighs action now See what a possible ban means for refineries, shipments, and prices
The Trump administration is reviewing whether to limit diesel exports as it looks for ways to respond to recordhigh fuel prices, Treasury Secretary Scott Bessent said Tuesday.
Bessent said officials are assessing whether a full or partial ban would be workable given refinery capacity. The discussion took place during a bilateral meeting between President Donald Trump and Ukrainian President Volodymyr Zelenskyy at the United Nations.
Trump said he expects a decision soon and noted that he has pushed his team to stop diesel shipments abroad, arguing that the U.S. produces a large amount of the fuel.