President Donald Trump has expressed support for halting U.S. diesel exports in an effort to lower record-high fuel prices for American consumers. The proposal, which is currently being reviewed by Treasury Secretary Scott Bessent to determine its feasibility without damaging refinery operations, comes as national average diesel prices climbed to over $6.50 per gallon.
The administration is facing mounting pressure from Republican lawmakers, including Senator Dan Sullivan and Representative Ashley Hinson, who have advocated for a temporary pause on exports to bolster domestic reserves. During the United Nations General Assembly, President Trump noted that retaining diesel supplies within the country could potentially provide relief for broader gasoline costs as well.
Global energy markets have been significantly impacted by the ongoing conflict in the Middle East and Ukraine’s recent drone strikes against Russian energy infrastructure. While these attacks have successfully disrupted Russian refining capacity, they have also contributed to global supply volatility. President Trump acknowledged the dual impact of these strikes, stating, "It's also a serious hit on the price of diesel."
The United States currently exports approximately 1.3 million barrels of diesel daily, accounting for nearly 25% of its total refining output. Analysts warn that while a domestic export ban might offer short-term relief for U.S. drivers, it could exacerbate international price increases and strain supplies for Western allies, such as the United Kingdom and the Netherlands, that have become dependent on American fuel following sanctions on Russia.
Source: BBC News
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