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Concerns grow over diesel export ban as prices hit record levels
The national average diesel price reached a record $6.52 per gallon, as the White House denied a ban even after earlier hints from the Trump administration.
The national average diesel price has climbed to a record $6.52 per gallon, while the Trump administration has sent mixed signals about whether it will restrict overseas sales of the fuel to lower domestic prices, according to OilPrice.
OilPrice reports that after hints from President Donald Trump and Treasury Secretary Scott Bessent earlier in the week, the White House denied that an export ban is in the works, though rumors and reporting about a potential diesel ban triggered strong backlash.
The New York Times Business similarly notes that while President Trump has discussed limiting overseas diesel sales as a way to bring down prices, experts warn the policy could create many unintended effects.
Together, the coverage underscores that the price pressure is already at record levels, but the administration has not confirmed a diesel export ban as of the latest updates.