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Trump Considers Diesel Export Ban Amid Soaring Fuel Prices

By Drooid · Sep 28, 2026, 10:12 PM UTC · How we work

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Record low diesel stocks

U.S. President Donald Trump said on September 27, 2026, he is considering a ban on diesel exports at the Presidents Cup tournament in Illinois.
Proponents argue the ban would lower diesel costs for farmers, truckers and workers hit by high fuel prices.
Diesel prices rose to $6.53 per gallon, 75 % higher than in February 2026.
U.S. diesel inventories fell to 107.9 million barrels, the lowest level in more than four decades.

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Industry Opposition to Ban

U.S. President Donald Trump said on September 27, 2026, he is considering a diesel export ban at the Presidents Cup tournament in Illinois.
Senator John Hoeven (R-N.D.) said National Economic Council, Treasury and Trade Representative are studying the ban’s feasibility.
Over 30 industry groups, API and the Chamber urged Trump to reject diesel export curbs.
Energy Secretary Chris Wright warned ban would cut refinery output, raising gasoline and fuel prices.

History

Historical Context

In October 1973 OAPEC, with Saudi King Faisal, imposed an oil embargo on the United States after American support for Israel in the Yom Kippur War. The embargo lifted oil prices nearly 300%, from $3 to $12 per barrel, and spurred Nixon’s creation of the Federal Energy Office. That shock still informs today’s debate over a U.S. diesel export ban.

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Record low diesel stocks

U.S. President Donald Trump said on September 27, 2026, he is considering a ban on diesel exports at the Presidents Cup tournament in Illinois.
Proponents argue the ban would lower diesel costs for farmers, truckers and workers hit by high fuel prices.
Diesel prices rose to $6.53 per gallon, 75 % higher than in February 2026.
U.S. diesel inventories fell to 107.9 million barrels, the lowest level in more than four decades.

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