Story perspectives

Wright Rejects Diesel Export Ban as Prices Surge

By Drooid · Sep 24, 2026, 4:57 PM UTC · How we work

Summary

Story summary

Energy Secretary Chris Wright said a diesel export ban would not work at a New York event on September 23, 2026.
The administration denied a 90-day diesel export ban and promoted a voluntary, cooperative strategy.
Average U.S. diesel prices hit $6.52 per gallon, a 76% year-over-year increase.
Wright warned that stopping exports would force refineries to cut runs, raising gasoline and jet fuel prices.

History

Historical Context

In October 1973 OAPEC imposed an oil embargo on the United States to protest American support for Israel, causing gasoline prices to jump 43%—from 38.5 ¢ in May 1973 to 55.1 ¢ in June 1974—and prompting rationing. The embargo lifted in March 1974, and the 1975 IEA voluntary export coordination is now cited by Energy Secretary Chris Wright as a reason to avoid a diesel export ban.

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Story summary

Energy Secretary Chris Wright said a diesel export ban would not work at a New York event on September 23, 2026.
The administration denied a 90-day diesel export ban and promoted a voluntary, cooperative strategy.
Average U.S. diesel prices hit $6.52 per gallon, a 76% year-over-year increase.
Wright warned that stopping exports would force refineries to cut runs, raising gasoline and jet fuel prices.

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