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Trump administration weighs 90-day ban on diesel fuel exports
The Trump administration is considering a 90-day ban on diesel fuel exports as rising fuel prices put pressure on Republican candidates ahead of the Nov. 3 midterm elections. The administration and the oil industry disagree over whether the measure could lower prices in the short term but lead to larger increases later.
Rising fuel prices are putting increasing pressure on Republican candidates ahead of the Nov. 3 midterm elections, prompting the U.S. administration to consider a 90-day restriction on diesel fuel exports.
Some administration officials, oil industry representatives and several Republican members of Congress argue that such a move could drive prices down in the short term but cause sharper increases later. The proposal has created divisions within the administration and the oil industry.
Decision could be announced by the weekend
Donald Trump may announce the ban by the weekend. Possible adverse effects of the measure are being assessed as a problem that could emerge in December.
If implemented, the ban would be the first restriction on U.S. exports of energy products since 2015. During the Barack Obama administration, the decades-old ban on crude oil exports was lifted in 2015.
Diesel prices rose by $2.83 in a year
The price of a gallon of diesel fuel in the United States, equivalent to approximately 3.785 liters, has risen by $2.83 over the past year to around $6.50.
High energy prices are a significant problem for Republican candidates with less than seven weeks remaining before the midterm elections.
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