Trump Says He Is ‘Very Seriously’ Considering Limits on US Diesel Exports
JH Kim
Summary
- President Donald Trump said he is very seriously considering restricting US diesel exports.
- Trump said he is reviewing limits on diesel exports despite concerns that they could lead to higher gasoline prices.
- US Energy Secretary Chris Wright and US Sen. Ted Cruz said the administration favors voluntary restraint and has previously ruled out a blanket ban on diesel exports.
Forecast Trend Report by Period
President Donald Trump said he is “very seriously” considering restricting US diesel exports.
Walter Bloomberg reported on September 28 that Trump is reviewing the option despite concerns that limiting diesel exports could raise gasoline prices. He cited attacks on Russian refining facilities as a major driver of recent pressure on fuel prices.
US Energy Secretary Chris Wright is said to prefer voluntary export restraint by the industry over an outright export ban.
Sen. Ted Cruz said the White House had previously assured the refining industry that it would not impose a blanket ban on diesel exports.
JH Kim
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