Trump Weighs Diesel Export Ban Amid Record Fuel Prices

US President Donald Trump is considering imposing a ban on diesel exports in an effort to combat record-high fuel prices, according to reports. This move would be a reversal of his previous stance on energy policy, which he campaigned on in 2024 by promising to increase US energy exports.

In January 2024, Trump blasted the Biden administration for freezing approvals for new plants to export US liquefied natural gas, calling it the 'war on energy'. He vowed to undo this pause through an executive order, which he did just hours into his first day as President.

However, with diesel prices hitting a record $6.51 and concerns over high energy costs affecting American farmers, truckers, and construction workers, Trump is now considering limiting US energy exports.

Experts warn that a ban on diesel exports would have severe consequences for the global market, including increased oil prices for gasoline, diesel, and jet fuel. They also argue that it would erode the strategic advantage of the US refining system.