Trump Administration Weighs Diesel Export Ban

Record-high diesel prices are pressuring farmers heading into harvest, and the Trump administration is considering whether restricting diesel exports could provide relief.

Treasury Secretary Scott Bessent says officials are examining whether a full or partial export ban is feasible. Reuters added that President Donald Trump has called for stopping some diesel exports. AAA data put the national average diesel price at more than six dollars and fifty cents a gallon, up sharply from a year ago.

Iowa Senator Chuck Grassley and Representative Ashley Hinson are among lawmakers calling for an export ban, saying high fuel costs are hurting farmers. But energy analysts warn the impact may not last. They say limiting exports could cause refiners to cut production, potentially tightening supplies and pushing prices higher later.

The American Petroleum Institute also opposes an export ban. The Institute said restricting diesel exports would wreak havoc on markets at home and abroad.