Trump Considers Diesel Export Ban Amid Rising Energy Prices
US President Donald Trump is considering taking a page out of the Biden administration's playbook by limiting energy exports, specifically diesel. This move comes as the country struggles with high energy prices due to the war with Iran. Trump has been under fire for months over the rising cost of living, which is affecting American farmers, truckers, and construction workers.
Trump initially vowed to bring down energy prices and export American energy worldwide when he won the election in 2024. He kept this promise by undoing the Biden-era LNG export permitting pause through an executive order on his first day in office.
However, now Trump is considering a ban on US diesel exports, which would likely have far-reaching consequences. Experts warn that such a move would cause refiners to process less fuel, leading to higher oil prices for gasoline, diesel, and jet fuel.
Dan Brouillette, former energy secretary during the end of Trump's first term, said that the apparent reversal on export bans is causing 'confusion' in the industry. He added that it makes 'very little economic sense.'