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Wednesday, September 23, 2026
The Trump administration is preparing a plan to ban exports of diesel for 90 days, despite splits inside the administration and with the oil industry, in a bid to bring down energy prices weighing on Republicans leading into the midterms, five people familiar with the discussions said Wednesday. A ban, the legal process of which is still being worked out, has been opposed by U.S. fuel producers who have warned that any short-term benefit would be outweighed by higher fuel prices in the future. Any halt to shipments would be the first restriction on U.S. energy exports since the Obama administration lifted a decades-old ban on oil exports in 2015. |
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More Alternate links: Google News | Twitter But the war that the Trump administration launched against Iran in February, as well as Ukraine's attacks against Russian refineries, have boosted diesel prices to record highs and caused farm-state Republicans to demand the ban. The average price for a gallon of diesel was $6.52 Wednesday, up 91 cents from a month ago and $2.83 from last year, according to AAA. Comments
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