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BLOOMBERGUpdate

Trump says a diesel export ban is still on the table but shows less appetite for it

Political Guyentist · October 1, 20261 min read

BLOOMBERG

Trump said a ban could spike prices for other fuels, but he would not rule one out. He is now pushing red-dyed diesel to lower prices; that off-road fuel skips the federal highway diesel tax of about 24 cents a gallon.

How we got herethe story so far
  • Sep. 24 — Trump called for halting diesel exports; the White House denied plans for a 90-day ban, and Energy Secretary Chris Wright warned refineries would cut output, raising gasoline and jet fuel prices.
  • Sep. 28 — Trump said he was "very seriously" considering a diesel export ban.
  • Sep. 29 — The UK lobbied privately for an exemption; Goldman Sachs said a ban would cut diesel prices at first, then push gasoline up each week it lasted.

What we’re less sure of5 of 8 claims