39 Days
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البلاد
Trump considers fuel price strategies
U.S. President Donald Trump has backed away from his plan to impose a ban on American diesel exports, fearing it would lead to higher gasoline and petroleum product prices. Officials warned him of the potential repercussions on the market. These developments come amid diesel prices in the United States reaching a record high of $6.41 per gallon, nearing an all-time peak, as global supplies continue to tighten. The Trump administration also plans to lend up to 40 million barrels of oil from the strategic reserves to energy companies as part of its efforts to lower fuel costs, along with calling on the European Union to draw down diesel inventories to help stabilize prices.
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