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Home›Commodities›Energy›Administration weighs U.S. diesel export ban amid reco…

Administration weighs U.S. diesel export ban amid record-high prices

The proposal, endorsed by President Donald Trump, is under review as diesel prices stay at record highs.

OilPrice reports that with U.S. diesel prices at record highs, restricting exports has drawn renewed attention as a way to keep more domestically produced fuel at home.

According to OilPrice, President Donald Trump endorsed the idea this week, saying he had suggested that the U.S. not send diesel abroad, while the administration examines possible next steps.

The article frames the potential goal of a ban as reducing pressure on groups that rely heavily on diesel, including farmers, truckers, construction companies, and ultimately consumers.

OilPrice notes the administration is now examining possible options related to a diesel export restriction.

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