President Donald Trump said he is still looking “very seriously” at implementing a US ban on diesel exports to combat high prices, even as others in his administration continue to focus on other possible steps.
If the United States institutes a ban on diesel fuel exports, Goldman Sachs analysts estimate it would initially push prices lower. The effect, however, would only continue until storage space fills up, the bank warned.
A US ban on diesel exports that’s under consideration by President Donald Trump to combat high prices would probably backfire by impacting gasoline prices, the boss of French oil major TotalEnergies SE said.
President Trump said he is "very seriously" considering a ban on diesel exports. But such a move could drive U.S. gas prices sharply higher, analysts said.
Talk of a possible ban on U.S. exports of diesel fuel to curb soaring prices at the pump could end up pushing all fuel prices higher, cutting refinery runs as storage fills up, analysts have warned. The move could result in a glut of the fuel in the United States while the rest of the world struggle…
European Union officials are increasingly sanguine that the US will hold off hitting the region with a diesel export ban that would intensify a supply crunch.
With diesel prices at record highs, restricting U.S. diesel exports has an obvious appeal. Keep more American-made diesel at home, increase domestic supply, and take some pressure off farmers, truckers, construction companies, and ultimately consumers.
On the latest episode of The Heritage Foundation podcast “The Power Hour,” host Jack Spencer talks energy with Heritage Foundation Executive Vice President Derrick Morgan. In this excerpt, Morgan explains why a potential ban on diesel exports to lower U.S. diesel prices is a bad idea.
For the past few weeks, President Donald Trump has been noodling on a diesel export ban as a strategy for lowering fuel costs. As of this weekend, he is still “thinking about it very seriously,” despite strident opposition from the U.S. energy industry.
President Donald Trump signaled that his appetite to ban exports of US diesel has cooled given the risk of unintended price spikes, and one of his top deputies indicated Europe might soon put fresh supplies of the fuel on the market.
A potential ban on U.S. diesel exports could have “a negative impact on gasoline,” U.S. President Donald Trump said late on Wednesday, although he didn’t rule out such a move from the Administration. The President told reporters in the Oval Office that he and the Administration continue to discuss t…
