What’s New
A diesel export ban could raise gasoline prices
A diesel export ban may sound like a way to lower fuel costs. In reality, it could actually raise gasoline prices. Blocking diesel exports would eventually force refiners to cut fuel production overall, including gasoline, putting upward pressure on prices and increasing America's reliance on imported fuel. Here’s why.
U.S. business, energy, manufacturing groups urge President Trump to reject fuel export restrictions
Washington, D.C. – Today, more than 30 U.S. business, energy and manufacturing groups from around the country — including the American Exploration & Production Council, American Fuel & Petrochemical Manufacturers, American Petroleum Institute, Business Roundtable, Independent Petroleum Association of America, International Liquid Terminals Association, Liquid Energy Pipeline Association, National Association of Manufacturers and U.S. Chamber of Commerce — issued a letter to President Trump today urging him to reject calls to ban or limit the export of diesel and other fuels from the United States.
Issues and Policies
18.6 million
U.S. refining increased to more than 18.6 million barrels per day, almost 20% of global capacity.
$185 billion
Petrochemical manufacturers have invested $185 billion to expand operations to meet growing demand.