President Donald Trump is considering restrictions on US diesel exports as consumer diesel prices reached a record $6.53 a gallon and inventories fell to 96.97 million barrels, about 13% below the five-year average. Treasury Secretary Scott Bessent said the administration is reviewing whether a full or partial ban would be feasible without disrupting refining capacity. Analysts warn that blocking exports could cause refiners to reduce crude-processing rates, limiting domestic fuel relief while reducing gasoline and jet-fuel output. Energy economist Philip Verleger said international diesel prices could rise by as much as 100%, exposing heavily dependent buyers in Europe and Latin America. South Korean refiners could benefit from higher demand for Asian cargoes, although government limits on diesel exports could restrain the earnings impact.