BREAKING: 🇺🇸 The U.S. is preparing a 90-day ban on diesel exports.
In an environment where diesel prices across the country continue to rise rapidly, hovering around an average of $6.52 per gallon, the Trump administration is preparing to impose a 90-day ban on diesel exports from the U.S.
With this move, the goal is to keep more diesel fuel within the country and bring prices down in the short term.
However, some officials and oil companies oppose the idea. They argue that the ban could lead to a buildup of more diesel than refineries could sell with their hands, which would force refineries to cut production and ultimately drive fuel prices even higher.
Energy Secretary Chris Wright has clearly rejected the idea of a comprehensive export ban, citing concerns that it could push prices up.
In an environment where diesel prices across the country continue to rise rapidly, hovering around an average of $6.52 per gallon, the Trump administration is preparing to impose a 90-day ban on diesel exports from the U.S.
With this move, the goal is to keep more diesel fuel within the country and bring prices down in the short term.
However, some officials and oil companies oppose the idea. They argue that the ban could lead to a buildup of more diesel than refineries could sell with their hands, which would force refineries to cut production and ultimately drive fuel prices even higher.
Energy Secretary Chris Wright has clearly rejected the idea of a comprehensive export ban, citing concerns that it could push prices up.