Trump Says He Is Still Considering Diesel Export Ban
US President Donald Trump said he has daily conversations about banning diesel exports, saying an export ban would have a negative impact on gasoline prices but could lower diesel costs. He said Russia's war in Ukraine, with strikes from either side affecting energy production and exports, is the main cause of rising diesel prices. The administration has weighed a blanket diesel export ban, voluntary export limits by refiners and broader sales of tax-exempt diesel, and has urged the European Union to release emergency diesel stocks.
Why it matters: The deliberations bear on energy security, since export restrictions and supply interruptions are being weighed as a means of lowering fuel costs.