THENATIONALPULSE (Jack Montgomery) - A Diesel Export Ban Will Hurt America—And Cripple Its Customers.
The evidence says that banning U.S. diesel exports would strand product, threaten gasoline and jet fuel supplies, and drive away customers who buy American fuel and American goods, without bringing down prices at the pumps.
Diesel has climbed to about $6.52 a gallon, up 76 percent from a year ago, according to AAA figures. The spike follows the wars in Iran and Ukraine and has put Republican lawmakers under pressure ahead of the November midterms. On Tuesday, Trump told reporters that he has advised his team, “Let’s not send out the diesel.” On Wednesday, POLITICO—which was recently banned from the White House for peddling “fake news”—reported sources as saying a 90-day ban on diesel exports is being prepared. The White House has denied POLITICO‘s report. However, Treasury Secretary Scott Bessent has confirmed the administration is examining whether a full or partial export ban would work, and between that confirmation and Trump’s statement…Open