US Energy Secretary Wright: A diesel exports ban could raise gasoline prices.
- Wright said a ban on diesel exports would not work and could actually push gasoline and jet fuel prices higher. His comments put him at odds with President Trump, who backed the idea as diesel prices surged to record highs in the US and Europe amid the wars in Iran and Ukraine.
- Wright argued that preventing diesel exports would leave refiners with nowhere to store excess product, forcing them to cut refinery runs. That would reduce overall fuel supply and potentially raise gasoline and jet fuel prices rather than ease energy costs.