Trump weighs ban on US diesel exports amid high prices

President Donald Trump said he is looking "very seriously" at banning US diesel exports to combat high prices, potentially acting despite ongoing administration analysis of other options. Several farm-state lawmakers have urged Trump to limit diesel exports during the fall harvest, as global fuel markets face disruption from Strait of Hormuz tensions and Ukrainian attacks on Russian refineries. US diesel exports hit a weekly record near 2 million barrels a day last month. Retail diesel prices averaged about $6.50 a gallon last week, adding to voter anxiety before November's midterm elections. Oil CEOs favor suspending the federal diesel excise tax instead, while Energy Secretary Chris Wright is working with refiners on voluntary export curbs as an alternative.