Trump weighs diesel export ban as EU officials see measure unlikely

  • President Donald Trump is weighing diesel-export restrictions as Republican lawmakers press for domestic fuel relief.
  • The national average diesel price reached $6.53 a gallon, nearly 75% above February levels, before easing to $6.45.
  • EU officials say a proposed 90-day ban appears unlikely, while White House options remain under review and Sept. 30 YES odds fell to 1.4%.

President Donald Trump is considering restrictions on U.S. diesel exports as fuel prices remain elevated ahead of the Nov. 3 midterm elections, but EU officials believe a proposed 90-day ban is unlikely. More than a half-dozen Republican candidates and lawmakers in battleground states have urged action, while the White House and Energy Secretary Chris Wright say multiple options remain under review. The national average diesel price reached $6.53 a gallon, nearly 75% above its February level, before easing to $6.45, according to AAA. Supporters say retaining diesel could help farmers, truckers and other domestic users, while refiners and analysts warn that blocked exports could reduce refinery output and raise gasoline, jet-fuel and international fuel costs. Prediction-market YES odds for an announcement by Sept. 30 fell to 1.4%, with the market scheduled to resolve on Sept. 30.

The information on this website is generated using AI and we cannot guarantee its accuracy. Please use it as reference information only.