President Donald Trump said Wednesday he hasn’t yet made up his mind on whether to impose a ban on diesel fuel exports, despite fierce pushback on the idea in recent days from the oil and gas industry and some of his own advisers. The White House is facing growing pressure to take steps to bring down record high diesel prices ahead of the midterm elections, and Trump indicated last week he would be open to restricting exports. But members of his Cabinet and top industry officials argue that such a move would end up raising prices for all types of fuel, including gasoline, and they have scrambled to present alternative measures to the president.
Europe would also be announcing moves to add supply to the market, he said. POLITICO reported Tuesday that the White House was considering asking European governments to release diesel from their own strategic reserves.
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