Given the risk of triggering an unexpected price spike, US President Donald Trump hinted that his will to ban US diesel exports has cooled down somewhat. One of his senior staff also said that Europe may soon launch new diesel supplies to the market. Trump told reporters on Wednesday that he is still discussing restrictions on overseas sales of diesel with Energy Secretary Chris Wright and Home Secretary Doug Bergum, but acknowledged their warning that a total ban on exports could have unintended consequences. “They probably think this will benefit the price of diesel, but it may also raise the prices of other products. I think we're in a good position right now because oil prices are about to start falling,” Trump said. “This seems to have a negative impact on gasoline. Gasoline prices may rise slightly while diesel prices will drop slightly. We think the current situation is very good.” The recent record surge in diesel prices has put tremendous pressure on the White House. There are only a few weeks left until the midterm elections, and Trump's Republican Party may lose control of Congress as a result. When it comes to the high cost of living, voters have always rated Trump poorly.

Given the risk of triggering an unexpected price spike, US President Donald Trump hinted that his will to ban US diesel exports has cooled down somewhat. One of his senior staff also said that Europe may soon launch new diesel supplies to the market. Trump told reporters on Wednesday that he is still discussing restrictions on overseas sales of diesel with Energy Secretary Chris Wright and Home Secretary Doug Bergum, but acknowledged their warning that a total ban on exports could have unintended consequences. “They probably think this will benefit the price of diesel, but it may also raise the prices of other products. I think we're in a good position right now because oil prices are about to start falling,” Trump said. “This seems to have a negative impact on gasoline. Gasoline prices may rise slightly while diesel prices will drop slightly. We think the current situation is very good.” The recent record surge in diesel prices has put tremendous pressure on the White House. There are only a few weeks left until the midterm elections, and Trump's Republican Party may lose control of Congress as a result. When it comes to the high cost of living, voters have always rated Trump poorly.