Trump says he backs diesel export ban to curb soaring energy costs
But industry trade group says plan would backfire and lead to even higher prices for gasoline
TL;DR
- Donald Trump supports a ban on diesel exports to address high energy costs.
- Diesel prices have reached record highs in Europe and the US due to reduced exports from major producers.
- Trump has called for halting diesel exports, stating, "We make a lot of diesel."
- US Treasury Secretary Scott Bessent confirmed an examination into the feasibility of a diesel export ban.
- Trump previously urged Ukrainian President Zelenskyy to pause strikes on Russian oil refineries.
- Some Republican Senate candidates advocate for an export ban to lower costs for Americans.
- The American Fuel and Petrochemical Manufacturers trade group believes an export ban would backfire by reducing overall production.
- Trump and Zelenskyy planned to discuss Ukrainian attacks on Russian refining sites and a solution to the war in Ukraine.