Trump considers diesel export ban amid record-high prices
President Donald Trump said Tuesday he supports a ban on diesel exports to bring down costs for Americans, prompting the question of whether this would do more harm than good. NewsNation's Nancy Loo joins "NewsNation Live" to discuss why the American Petroleum Institute and many in the industry say implementing a ban would backfire.
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Video Summary
AI GeneratedDiesel fuel prices in the U.S. have reached record highs, causing a ripple effect that increases the cost of food and retail goods. While some lawmakers suggest an export ban to lower domestic prices, industry experts warn it could reduce overall refinery production and further increase costs for consumers and businesses.