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Trump weighs diesel export ban, warns of possible gasoline impact
The US oil industry has warned that restricting diesel exports could raise prices. No decision or details on the proposal have been reported.
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Owen Mercer
Markets and Finance Editor
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Source: CNBC · View original source
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Donald Trump said he was very seriously considering a ban on US diesel exports, according to CNBC, while cautioning that such a move could negatively affect gasoline.
The US oil industry has warned that a ban could raise prices, adding to the potential costs of restricting fuel exports.
The proposal remains under consideration. The available material does not specify its timing or scope, or report that Trump has made a decision.
Trump’s warning points to a possible knock-on effect for gasoline, while the industry’s price warning highlights a broader risk from limiting diesel exports.
