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Wednesday, September 23, 2026

How would a ban on U.S. diesel exports impact the economy?

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Fuel price increase. Gas filling station and dollar banknotes, double exposure

Olga Yastremska/iStock via Getty Images

With President Donald Trump backing a ban on U.S. diesel exports, the big question is how it would impact prices in the long run as well as the broader economy.

Average diesel prices reached a record $6.53/gallon on Tuesday, up 77% Y/Y, data from

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