Trump Weighs Diesel Export Ban as U.S. Prices Hit $6.51 a Gallon

3 articles · Updated · The New York Times · Sep 25

$6.51-a-gallon diesel has pushed Trump to consider banning or restricting U.S. exports weeks before the midterm elections, aiming to ease costs for truckers, farmers and other businesses.
Energy experts say the move may offer only brief relief because refineries could respond by making less diesel, which could send prices back up.
Those restrictions could also tighten supplies of gasoline, jet fuel and other fuels produced alongside diesel, widening the market impact beyond trucking fuel.
Emergency powers may let Trump curb exports, but analysts say it is unclear whether he can impose a full ban alone; Congress explicitly authorized crude export limits for up to one year in emergencies.
Diesel averaged $3.69 a year ago, and the latest surge has been tied to the Israel-U.S. attacks on Iran and Ukrainian strikes on Russian refineries that disrupted global fuel supplies.