Market Chatter: Trump Backs Potential Diesel Export Ban as US Prices Hit Record Highs

06:37 AM EDT, 09/23/2026 (MT Newswires) -- US President Donald Trump said he supports a diesel export ban as prices hit record highs, several media outlets reported, citing POTUS' comments ahead of Ukrainian President Volodymyr Zelenskyy's meeting. US average diesel prices topped $6.50 per gallon Tuesday, reaching a record high, according to AAA. Trump reportedly told reporters that the US should keep its diesel at home. Meanwhile, Treasury Secretary Scott Bessent said the administration was examining whether a full or partial ban was feasible, the reports said. According to the BBC, the US ships roughly 1.3 million barrels of diesel overseas daily, nearly a quarter of its refining output. (Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)