Trump officials weigh diesel export alternatives as prices hit record highs

  • Trump administration officials are weighing alternatives to a diesel export ban.
  • Record-high diesel prices are straining farming and transportation sectors.
  • President Donald Trump is expected to announce a policy by early next week.

Trump administration officials are considering alternatives to banning diesel exports as the fuel reaches record-high prices, three people familiar with negotiations said Friday. Options include passing responsibility to the state level and other measures aimed at easing the financial pressure on farming and transportation. Economists and oil industry executives have warned that a complete export halt could disrupt fuel production and push prices even higher. President Donald Trump, who hosted Chinese President Xi Jinping in Washington for much of the latter half of the week, was still expected to announce a policy as soon as Friday or early next week, although no final decision had been made.

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