Donald Trump stated on Tuesday that he supports a proposed ban on diesel exports, which some US politicians suggest as a measure to reduce rising energy costs. Diesel prices have reached record highs in both Europe and the US, driven by conflicts in Iran and Ukraine that have significantly reduced exports from major producers such as Russia, Saudi Arabia, and the United Arab Emirates. As of Tuesday, the average price for a gallon of diesel fuel in the US was $6.53, marking the highest average on record and an increase of over 75% compared to the previous year. The industry trade group has expressed concerns that such a ban could backfire and lead to even higher gasoline prices.
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Trump supports diesel export ban to address rising energy costs
Donald Trump expressed his support for a ban on diesel exports aimed at curbing rising energy costs. Diesel prices in the US have surged to record levels, influenced by reduced exports from major producers due to ongoing conflicts. An industry trade group warns that the proposed ban may result in higher gasoline prices.
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- ✕ loaded language: 'soaring'
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Trump says he backs diesel export ban to curb soaring energy costs
Trump supports diesel export ban to address rising energy costs