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Oil Industry Warns Trump: Diesel Export Ban Will Worsen Crisis, Not Solve It
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News18•23-09-2026, 03:45
Oil Industry Warns Trump: Diesel Export Ban Will Worsen Crisis, Not Solve It
- •The American Petroleum Institute (API) warns the Trump administration that a diesel export ban would exacerbate refining challenges and harm consumers.
- •Trump asked Treasury Secretary Scott Bessent to investigate an export ban to combat rising domestic diesel prices, which have exceeded $6 per gallon.
- •API President and CEO Mike Sommers stated that while he understands the pain from rising diesel costs due to global refining disruptions, an export ban would only worsen the problem.
- •Sommers emphasized that the solution lies in increasing supply and flexibility, not in imposing new restrictions that could escalate a difficult situation.
- •Farm state senators, including Republicans, have advocated for a ban on diesel exports.
Key Questions Answered
President Trump asked Treasury Secretary Scott Bessent to examine whether an export ban could help stem rising domestic diesel prices, which have spiked above USD 6 per gallon.
The American Petroleum Institute warns that a ban on diesel exports would exacerbate refining challenges, compound the problem, and hurt consumers by introducing new restrictions instead of increasing supply and flexibility.
The rising diesel costs and unprecedented disruption to global refining capacity have been driven by the Iran war.
