Trump Weighs Diesel Export Ban as US Prices Hit $6.52 a Gallon
Updated
Updated · DW (English) · Sep 28
Trump Weighs Diesel Export Ban as US Prices Hit $6.52 a Gallon
3 articles · Updated · DW (English) · Sep 28
Summary
$6.52-a-gallon US diesel has pushed Trump to consider an export ban after Sept. 22, aiming to ease domestic fuel costs before November midterm elections.
Nearly 30% lower Russian diesel output versus 2025 levels has tightened global supply after repeated Ukrainian strikes on refineries, while Hormuz-related disruption has further cut refining capacity.
US industry groups and energy experts warn a ban could backfire by prompting refiners to cut output, slowing any price relief and potentially lifting prices instead.
Europe is especially exposed because it imports diesel—US shipments now cover about 8% of demand after rising 37% year on year—and an export curb could drive prices higher there.
€40 billion in added EU road-diesel costs since the Iran war underscores how a refining-capacity crunch, not crude scarcity, is now the main risk heading into winter.