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Trump Administration Eyes Diesel Export Restrictions as Pump Prices Strain Trucking

The Trump administration is actively considering a ban on diesel exports as fuel costs squeeze the trucking industry and agricultural sector. Treasury Secretary Scott Bessent confirmed officials are evaluating whether a full or partial restriction could stabilize prices without disrupting refinery operations. A decision is expected imminently.

The national average for on-highway diesel recently approached $6 per gallon, prompting Republican lawmakers from Iowa, Alaska, Tennessee and other states to demand action. Two House bills are under consideration: one would prohibit exports through early 2027, while another would trigger an automatic ban whenever diesel hits $5 per gallon.

The U.S. refines more diesel than domestic consumption requires, typically exporting more than a million barrels daily. Proponents argue restricting exports would replenish inventories and lower prices. However, oil companies warn reduced export markets could force refiners to cut production runs, potentially limiting gasoline supplies alongside diesel.