Plan for 90-day diesel export ban in the US against record prices
To lower fuel prices reaching record levels in the US, the Trump administration is expected to impose a 90-day ban on diesel shipments.
Faced with continuously breaking records for fuel prices in the US, the Donald Trump administration is reportedly planning to introduce a 90-day ban on diesel exports.
Rising Fuel Prices
As all over the world, fuel prices in the United States have also risen to record levels. Following this increase in the sector, the administration is preparing to take new decisions.
90-Day Ban on Diesel Exports
It was stated that the Trump administration will take a radical step against the continuously breaking record fuel prices ahead of the midterm elections on November 3. Within this scope, a 90-day ban on diesel exports is planned.
Disagreements Within the Industry
There are disagreements within the administration and the petroleum industry regarding the planned ban decision. Some officials warn that this practice could lead to even higher prices in the future.
Nature of Historical Restriction
If shipments are halted, this practice will mark the first restriction introduced since former President Barack Obama's administration lifted the decades-long oil export ban in 2015.
Change in Prices
The price of 1 gallon of diesel in the US has shown a significant increase since last year, rising by $2.83 to reach the $6.50 band.