๐จ Trump eyeing diesel export ban as US prices rip past $6.50/gal
US ships 1.4M barrels/day overseas. Now he wants to keep it domestic to crush pump prices.
The catch? Energy groups say blocking exports could backfireโhurt refineries, cut production, spike gas AND global diesel even harder.
Treasury still reviewing if partial or full ban even makes sense.
Global supply already wrecked from Iran + Ukraine. This could get messy fast.
Watch $OIL $USO โ macro ripple incoming if this goes through.
US ships 1.4M barrels/day overseas. Now he wants to keep it domestic to crush pump prices.
The catch? Energy groups say blocking exports could backfireโhurt refineries, cut production, spike gas AND global diesel even harder.
Treasury still reviewing if partial or full ban even makes sense.
Global supply already wrecked from Iran + Ukraine. This could get messy fast.
Watch $OIL $USO โ macro ripple incoming if this goes through.