Trump Administration Weighs Diesel Export Ban

Record-high diesel prices are pressuring farmers, and the Administration is considering whether restricting diesel exports could provide relief.  Treasury Secretary Scott Bessent said officials are examining whether a full or partial export ban is feasible.  Reuters added that President Trump has called for stopping some diesel exports.

Gasbuddy.com reported this week diesel prices remain at an all-time high of $7.37 a gallon in the state of Washington.  The national average sits at $6.18 a gallon.

But energy analysts warn the impact of a ban may not last.  They say limiting exports could cause refiners to cut production, potentially tightening supplies and pushing prices higher later.  The American Petroleum Institute also opposes an export ban, saying restricting diesel exports would wreak havoc on markets at home and abroad. 

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