US Energy Secretary Chris Wright opposes diesel export ban, warns of price hikes
Summary
US Energy Secretary Chris Wright stated on September 23 that a proposed ban on diesel exports would be ineffective and could lead to increased prices for gasoline and jet fuel, a viewpoint that contrasts with President Donald Trump's support for the idea. Diesel prices have surged due to global geopolitical tensions, particularly the US-Israeli war with Iran and the ongoing conflict in Ukraine, exacerbating frustrations among consumers just before the midterm elections. Wright emphasized that restricting diesel exports would diminish storage options and potentially lower refining output, ultimately raising prices, as US refineries are currently operating at full capacity and producing more diesel than is domestically consumed. The administration is instead pursuing voluntary measures with refiners to boost diesel supply without disrupting the overall fuel market.
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- https://x.com/SecretaryWright
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- https://www.reuters.com/business/energy/us-diesel-futures-fall-after-report-export-ban-plan-which-white-house-denies-2026-09-23/