Drudge Retort: The Other Side of the News
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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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.

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You can smell the bond sell off from here.

#1 | Posted by sitzkrieg at 2026-09-23 06:03 PM | Reply

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