# Trump says he supports U.S. diesel export ban; Bessent says studying feasibility — retained record

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source: [news](https://highsignal.app/data/news) (news:seeking-alpha)  published 2026-09-22 23:50 ingested 2026-09-23 02:59

[original source ↗](https://seekingalpha.com/news/4645794-trump-says-he-supports-us-diesel-export-ban-bessent-says-studying-feasibility?utm_source=feed_news_all&utm_medium=referral&feed_item_type=news)

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Trump says he supports U.S. diesel export ban; Bessent says studying feasibility

Sep 22, 2026, 7:50 PM ETUnited States Oil Fund LP ETF (USO), UCO, CL1:COM, CO1:COM, XLEVLO, XOM, CVX, DBO, UNG, FCG, USL, SCO, UNL, BNO, MPC, BOIL, KOLD, PSX, PBF, GUSH, DRIP, USOI, NG1:COMBy : Carl Surran, SA News Editor

President Trump said Tuesday he is encouraging his advisors to support a ban on U.S. diesel exports, as the nationwide average of diesel prices continued to rise, reaching a new record high $6.53/gal.

"I've said 'let's not send out the diesel,'" Trump

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A diesel export ban could temporarily lower U.S. diesel prices in some regions but potentially create a glut on the Gulf Coast, causing refiners to cut production and ultimately leading to higher U.S. gasoline prices.

A U.S. diesel export ban would tighten diesel supplies in Europe and Latin America, increasing inflation and leaving those regions scrambling for alternatives when global supply is already tight.

U.S. refiners could lose overseas customers, be forced to process less crude, reduce fuel production (gasoline and jet fuel), and face operational and revenue pressures.
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