Governors' Biofuels Coalition

President Donald Trump is tempering his endorsement of a diesel export ban because of concerns that it could push up gasoline prices, as his administration raises expectations of price relief from new diesel supplies in Europe. Trump said on Wednesday that although he was still “thinking about” a diesel export ban, he believes the US is in a “good place” because of a recent drop in crude prices and a “tremendous” volume of oil coming out of the strait of Hormuz. Trump had called for a diesel export ban last week, but administration officials have since said that an outright ban on exports is unlikely.

“It’s something that we think about and we talk about every day,” Trump told reporters. “But it just seems that it would have a negative impact on gasoline. So that would go up a little bit, and diesel would come down a little bit, and we think we’re in a very good place.” US energy secretary Chris Wright earlier this week urged EU countries to fully follow through on commitments to release tens of millions of barrels of crude and oil products.

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