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Diesel Prices Hit Record Highs, Export Ban Debate

Record-high diesel prices are causing economic ripples across trucking, farming, and aviation, with Trump and lawmakers considering an export ban.

Diesel Prices Hit Record Highs, Export Ban Debate
Photo: Axios

DEVELOPING TIMELINE

First Report Sep 11: Diesel Hits $6 Record High

Sep 18: Record diesel price rises to $6.3956 per gallon

Sep 23: Trump and lawmakers now considering export ban

WHAT'S CONFIRMED

NOT REPORTED ELSEWHERE

  • ▸Diesel prices averaged $6.44 per gallon on a record-high day. — NPR Economy
  • ▸John Boyd Jr., president of the National Black Farmers Association, said soaring diesel costs are deepening a farm crisis. — NPR Economy
  • ▸Minnesota farmer Kristin Duncanson discussed how record-high fuel prices are affecting her business. — NPR Economy
  • ▸Economists say a diesel export ban could lower prices short-term but raise them globally and eventually in the U.S. — Axios
  • ▸Trump adviser Jarrod Agen said affordability of gasoline remains 'the top issue that the president looks at.' — Axios

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