Trump Weighs Diesel Export Ban as Global Fuel Supplies Tighten
The administration is reportedly considering restricting diesel exports as analysts warn the move could raise prices at home and abroad.
The administration is reportedly considering restricting diesel exports as analysts warn the move could raise prices at home and abroad.
Road blockades have been set up across the country as fuel prices continue climbing for the 11th consecutive week.

The average price of diesel at UK pumps has reached a record 198.32p per litre, according to the RAC motoring organization.

Average diesel prices on UK forecourts reached 199.18p a litre, surpassing the previous record set in June 2022, as the Middle East conflict continues to push up fuel costs.
Sicilian truckers announced a strike after a cap on fuel prices set by Eni came into force, fixing diesel at €2.19 per litre and unleaded petrol at €1.99, according to ANSA.

A price cap on diesel and unleaded petrol from Eni has come into force, setting rates at €2.19 and €1.99 per litre respectively.

Growers of soybeans, corn and cotton say rising input costs are eating into revenue, leaving many farmers uncertain about their financial future.
Industry experts say a ban on diesel exports, under consideration by the Trump administration, would offer only short-term relief before prices rise again as refiners cut output.

With affordability a major issue ahead of the November 3 midterm elections, lawmakers are introducing bills aimed at lowering gasoline and diesel costs.

Motoring group the RAC says it expects the average UK diesel price to reach a new record high over the weekend.

Energy experts warn a US diesel export ban could raise fuel costs both domestically and internationally, according to Al Jazeera.

The Oil and Gas Regulatory Authority revised fuel prices for September 26 to 28, according to the Associated Press of Pakistan.
AI-92 grade gasoline also declined over the week, extending a broader slide in Russian fuel prices on the St Petersburg exchange.

The average price of a litre of diesel at the pump stands at 198.32p, according to the RAC motoring body, the BBC reports.

The European Commission voiced concern over a possible 90-day ban ahead of the US midterm elections that could push fuel prices higher across Europe.
Pressure on key global supply routes from the Strait of Hormuz to the Black Sea is testing the resilience of energy markets.

Business owners say higher fuel costs are creating challenges on multiple fronts, from operating expenses to customer spending.
The proposed measure aims to lower high fuel prices that are weighing on Republicans ahead of the midterm elections.
Manufacturers, auto suppliers, retailers and transportation firms are among the businesses most affected, according to CNBC.
An environmental organization says lowering highway speed limits could cut diesel demand by 15 percent.