President Trump says he is considering restricting U.S. diesel exports as prices reach a record $6.53 per gallon. Oil companies are pushing back, warning restrictions could force refineries to cut production and potentially raise gasoline prices. S&P Global estimates a ban could reduce refinery runs by nearly 2 million barrels per day, disrupting broader fuel markets.
President Trump says he is considering restricting U.S. diesel exports as prices reach a record $6.53 per gallon. Oil companies are pushing back, warning restrictions could force refineries to cut production and potentially raise gasoline prices. S&P Global estimates a ban could reduce refinery runs by nearly 2 million