Trump backs a diesel export ban as fuel prices hit records

Trump backs a diesel export ban as prices hit records

by Otobong Tommy
Trump backs a diesel export ban as fuel prices hit records

KEY POINTS


  • Trump said he backs a diesel export ban as record US and European prices, driven by war-hit Russian, Saudi and UAE supply, become a midterm liability.
  • Republican candidates in tight races and the Agriculture Department are pressing for curbs, while Treasury’s Bessent says the administration is weighing feasibility.
  • Energy Secretary Wright and Interior Secretary Burgum warn a ban could raise coastal prices, cut output, invite retaliation and strain European allies.

US President Donald Trump said on Tuesday he supports a ban on diesel exports, aligning with Republican candidates in tight midterm races who see the move as a way to tame record fuel prices.

Diesel prices have surged to record highs in the US and Europe as the wars in Iran and Ukraine sharply cut exports from major producers such as Russia, Saudi Arabia and the United Arab Emirates. Specifically, Trump told reporters he had pressed the idea internally, saying, “I’ve said let’s not send out the diesel. We make a lot of diesel.” Moreover, high prices loom as a vulnerability with control of both chambers of Congress at stake on November 3.

A campaign flashpoint

The politics are driving the push. According to Treasury Secretary Scott Bessent, the administration is studying whether a ban is feasible and whether full or partial curbs would work. Meanwhile, Republican candidates in the most competitive races, including Dan Sullivan in Alaska, Ashley Hinson in Iowa and Mike Rogers in Michigan, have urged action.

Sullivan framed it bluntly. “American fuel should stay home with Americans,” he said, calling for a temporary pause to rebuild reserves before winter. Additionally, the Agriculture Department last week urged the White House to act, and Secretary Brooke Rollins called high prices “a real concern.”

Trump’s own officials push back

The proposal splits the administration. However, Energy Secretary Chris Wright warned a ban would glut the Gulf Coast, prompt refiners to cut runs and quickly shrink gasoline output. Furthermore, Interior Secretary Doug Burgum said it likely would not lower prices and could invite retaliation from energy exporters.

Industry voices echoed the concern. According to Todd Staples of Texas oil group TXOGA, a ban would cost jobs, spark shortages and hand leverage to China and Russia. Ultimately, analysts warn that curbing exports would tighten European supply, straining allies who lean heavily on US diesel.

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