Trump Mulls Diesel Export Ban Amid Skyrocketing Fuel Prices

President Donald Trump is reportedly considering banning diesel exports in an effort to alleviate fuel price pressures. The move, which oil companies and market researchers warn could push California's already sky-high gasoline prices even higher, comes as Republicans seek ways to appease anxious voters ahead of the midterms.

The national average for a gallon of diesel has surpassed $6 for the first time ever, driven by major supply disruptions linked to the war in Iran and a Russian export ban. California's diesel price is a staggering $8.39 per gallon, with the national average sitting at $6.45 as of Monday, according to AAA.

The White House's discussions around plans to limit diesel exports emerged last week, amid concerns that high fuel prices could impact voter sentiment ahead of the midterms.