Trump Softens Stance on U.S. Diesel Export Ban Over Gasoline Price Fears

President Donald Trump has cooled on imposing a U.S. diesel export ban, acknowledging the restriction could inadvertently raise other fuel prices. Retail diesel reached $6.41 per gallon near record highs, pressuring the White House ahead of the midterm elections. Trump said on Wednesday, Sept. 30, 2026, that a broad ban could backfire. "It seems to have a negative effect on gasoline, causing gasoline to go up slightly and diesel to go down slightly," he said, citing talks with Energy Secretary Chris Wright and Interior Secretary Doug Burgum. Refineries produce diesel, jet fuel and gasoline simultaneously; restricting diesel exports could cut refinery runs and tighten gasoline supply. Burgum, speaking to Fox Business, confirmed all options remain under review. The White House is pivoting to alternatives, including suspending the diesel excise tax or coordinating allied reserve releases. Wright said European allies may announce new diesel supply soon. Rapidan Energy Group cut its probability of strict U.S. export limits to 40% from 75%.