Trump's diesel export ban could backfire and raise gas prices

usatoday.com

President Donald Trump is pushing for a diesel export ban as record-high prices hit $6.52 per gallon, but experts warn the move could backfire and raise gasoline prices further. Trump and Republican candidates support the ban amid rising costs, though analysts say it may only temporarily lower diesel prices in Gulf states while prompting refiners to cut production, potentially increasing gas prices. Diesel costs more due to global demand, production expenses, and higher federal taxes. The administration has tried other measures, including E15 fuel sales and Freedom Fuel stations, but prices remain elevated due to Middle East conflict, with GasBuddy predicting continued volatility.


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