Trump downplays diesel export ban over impact on other fuels
The US president acknowledged warnings from his top deputies that a broad export ban could have unintended consequences.
Diesel prices have surged to record highs, putting pressure on the White House as midterm elections approach. President Donald Trump has signaled his waning desire to ban exports of US diesel due to concerns about unintended price spikes. Trump's energy secretary, Chris Wright, and interior secretary, Doug Burgum, have warned that a broad export ban could negatively impact other fuels, such as gasoline.
Trump acknowledged the warnings, stating that a ban could have a negative impact on gasoline, causing prices to rise slightly while diesel prices decrease. White House officials are exploring alternative measures to alleviate the high cost of living, including encouraging European nations to release their diesel inventories. Burgum and Wright have previously highlighted the potential negative consequences of restricting crude oil and petroleum products, as a ban could raise gas prices due to the shared production process in refineries.
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- Trump downplays diesel export ban over impact on other fuels freemalaysiatoday.com
