← Back to issue
Ongoing2 earlier updates5 days

This story has run 3 times over 5 days, starting Sep 24.

  1. UpdateWhite House denies plans for a 90-day diesel export ban after Trump calls for halting exports
  2. UpdateTrump says he is ‘very seriously’ considering a U.S. diesel export ban
  3. UpdateUK lobbies privately for an exemption as Trump weighs a US diesel export ban — this issue
BLOOMBERGUpdate

UK lobbies privately for an exemption as Trump weighs a US diesel export ban

Political Guyentist · September 29, 20261 min read

BLOOMBERG

Goldman Sachs estimates a diesel export ban would first cut diesel about 25 cents a gallon. Once storage fills, it would add about 30 cents a gallon to gasoline for each week it lasts. Diesel averaged $6.45 Monday, just under the $6.53 record set Sept. 22.

Catch upwhat happened before · 2 earlier issues
  • Sept. 23 — Reuters reported the US was preparing a 90-day diesel export ban. A White House official denied it the same day, as Energy Secretary Chris Wright and Treasury Secretary Scott Bessent signaled doubts about the side effects.
  • Sept. 24 — Trump called for halting diesel exports.
  • Sept. 28 — Trump said he was "very seriously" considering a ban.
What a ban would stopThe US exports about 1.2 to 1.5 million barrels of diesel a day, net; outlets differ on the figure.2 details
  • The US exports about 1.2 to 1.5 million barrels of diesel a day, net; outlets differ on the figure.
  • 60-70% of US diesel exports go to Latin America, per BBC News.

What we’re less sure of7 of 8 claims