Diesel Export Ban? Trump Says He's Considering It
📡 CNBC Top News · 1 min read ·
Part of composite article Fuel Crisis Hits Europe: Diesel Prices Soar, Spain Inflation Jumps to 4.9%, EU Fuel Bill Up €100bn View full article →
President Trump is "very seriously" considering a ban on diesel exports as the global supply of diesel grows tighter.
Analysts warn that such a ban could backfire. It could raise diesel prices worldwide. It could also lead to higher gasoline prices in the United States, as refineries change how they operate.