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US considers diesel export ban amid record-high fuel prices

Market News
22 Sep 2026, 21:16 WIB
CNBC
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Neutral
US considers diesel export ban amid record-high fuel prices

The Trump administration is exploring the possibility of banning diesel exports to tackle soaring diesel prices, which have reached a record $6.53 per gallon in the U.S. Treasury Secretary Scott Bessent said they are assessing the feasibility of a full or partial ban based on refining capacity. President Trump indicated a swift decision would be made and has expressed support for stopping diesel exports to help lower domestic prices. This move aims to address a 77% price increase compared to last year, reflecting concerns over fuel affordability and supply.

Diesel prices in the U.S. have surged to a record $6.53 per gallon as the Trump administration considers a diesel export ban. For readers following U.S. stock market activity, here is Pluang's market snapshot as of Sep 23, 2026 00:51 WIB: out of 150 priced US stocks tradable on Pluang, 78 rose and 72 fell today. Notable movers include Pinterest Inc (PINS) at USD 18.45 with a 1-day change of -4.65%, Novavax Inc (NVAX) at USD 10.88 with a 1-day change of +4.51%, and Adobe Systems Inc (ADBE) at USD 238.92 with a 1-day change of -4.25%.

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