Trump pushes fuel export ban to ease high prices

financialpost.com

President Trump said Tuesday he has pushed for a ban on U.S. fuel exports to address high prices, a move that would disrupt global buyers in Latin America and Europe who rely on American diesel. The proposal, discussed with Ukrainian President Volodymyr Zelenskyy, comes weeks before midterm elections as fuel costs weigh on voters. Industry groups oppose the ban, arguing it would only offer temporary relief before driving prices higher by forcing refiners to cut production. U.S. diesel exports hit a record near two million barrels daily last month amid global supply shocks. Retail diesel prices topped $6.50 per gallon, with some Republican senators supporting limits while energy executives warn of supply chain disruptions and potential long-term price increases.


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