Trump Administration Denies 90-Day Diesel Export Ban, Energy Secretary Chris Wright Breaks Rank With Trump: ’What's Being Discussed Is…'
A White House official has denied claims that the U.S. is considering a 90-day ban on diesel exports to address rising fuel prices. Energy Secretary Chris Wright dismissed a Politico report suggesting the U.S. was preparing to enforce a 90-day ban on diesel exports, This alleged ban was supposedly aimed at mitigating record fuel prices that heavily affect farms, trains, and trucks. Wright told the publication, “What’s being discussed is what’s the most efficient way to get more diesel into the United States of America, and continue maximum flows of gasoline and jet fuel.” Wright previously said that the export ban would be ineffective and could raise gasoline and jet fuel prices by forcing refiners to cut production when storage capacity fills, according to a prior Reuters report. At the time, Wright said the Trump administration is exploring voluntary measures with refiners to increase diesel supply, with policy announcements expected in the coming days. No final decision has been made. White House did not immediately respond to ’s request for comments Read Also: Trump Energy Adviser Points to ‘Refining Capacity’ Bottleneck for Fuel Price Pain as He Touts Am
S. is considering a 90-day ban on diesel exports to address rising fuel prices. S. was preparing to enforce a 90-day ban on diesel exports, This alleged ban was supposedly aimed at mitigating record fuel prices that heavily affect farms, trains, and trucks.
” Wright previously said that the export ban would be ineffective and could raise gasoline and jet fuel prices by forcing refiners to cut production when storage capacity fills, according to a prior Reuters report. At the time, Wright said the Trump administration is exploring voluntary measures with refiners to increase diesel supply, with policy announcements expected in the coming days. No final decision has been made. S.
diesel exports to lower energy prices ahead of the midterm elections, despite internal disagreements and opposition from the oil industry. Wright told energy CEOs that a 90-day diesel export ban was likely, prompting several executives to contact the White House to oppose the measure. Fuel producers warned the move could provide short-term relief but lead to higher prices later, the report added. S.
diesel prices to record highs. 83 from a year ago. S. diesel exports due to record-high fuel prices.
"I’ve said let’s not send out the diesel. We make a lot of diesel," the President said. Meanwhile, Treasury Secretary Scott Bessent said that the administration was weighing a full or partial ban. S.
consumers may see little relief. S. diesel exports could backfire by pushing domestic diesel prices below global levels and squeezing refinery margins. S.
refining capacity on the Gulf Coast producing a diesel surplus, export restrictions could leave storage tanks full because pipeline and geographic constraints limit shipments to the East Coast, ultimately hurting consumers. Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published editors. Read Also: Trump's Diesel Ban Comes With A Bigger Bill at The Pump Image via Shutterstock