Trump to consider diesel export restrictions amid political pressure
US President Donald Trump and US Secretary of the Treasury Scott Bessent said the administration was considering restricting diesel exports amid surging pump prices, following days of increasing political pressure from fellow Republicans. At an appearance alongside Ukrainian President Volodymyr Zelensky at the United Nations on Sept. 22, Trump responded to a reporter’s question about ...
US President Donald Trump and US Secretary of the Treasury Scott Bessent are considering restricting diesel exports amid surging pump prices, following increasing political pressure from fellow Republicans. At a UN appearance alongside Ukrainian President Volodymyr Zelensky on Sept. 22, Trump stated he had previously called for a restriction.
Bessent confirmed the administration is examining the feasibility of a partial or full ban, citing concerns over refining capacity. US exports of diesel hit a record high of 1.6 million barrels per day in August, with major destinations being Latin America and Europe. Global supply disruptions have contributed to higher US diesel prices, prompting refiners to increase output and boost exports.
Political pressure for restrictions came from Republican members of Congress, including Tennessee Congressman Tim Burchett, who filed bills to ban diesel exports until January 2027, and Michigan Republican Mike Rogers, who suggested restricting exports during the US-Iran conflict. Energy officials have cautioned against a ban, stating it would not lower prices and could have significant industry impacts.
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