Energy Secretary Wright opposes diesel export ban

Energy Secretary Chris Wright has expressed opposition to President Donald Trump’s proposal for a diesel export ban, arguing that such a measure could lead to higher fuel prices. Speaking at an event in New York, Wright stated that banning diesel exports is a “blunt tool” that could result in a lack of storage space for refinery output, ultimately forcing a reduction in US refining and putting upward pressure on gasoline and jet fuel prices.

Fuel experts and analysts, including Patrick De Haan from GasBuddy, have echoed these concerns. Analysts suggest that while a ban might offer short-term relief for diesel, it could cause gasoline prices to rise as refineries are forced to adjust their output. The administration has indicated it remains open to other suggestions for lowering prices and plans to make a policy announcement in the coming days.