Trump Considers Diesel Export Ban as U.S. Prices Hit Record High

President Donald Trump said Sunday he is "very seriously" considering a ban on U.S. diesel exports as domestic prices hit a record $6.529 per gallon, mirroring a restriction Russia imposed amid its own fuel crisis. The proposal has support from Republican lawmakers, including Senator Chuck Grassley and Representative Tim Burchett, who proposed automatic export limits when prices exceed $5. Russia's current ban, extended through October, followed Ukrainian drone strikes on refineries that caused shortages and collapsed Moscow's share of Turkey's diesel market. U.S. distillate exports surged to nearly 2 million barrels daily in August, filling gaps left by Russia while American prices rose due to shipping disruptions in the Strait of Hormuz linked to U.S. strikes on Iran.