Bloomberg Surveillance · Monday, September 28, 2026
Analysts predict that President Trump may consider a diesel export ban as a response to rising fuel prices, particularly with the midterm elections approaching. This potential executive action is seen as a 'red flag' indicating extreme measures beyond legislative solutions, with the election period and its aftermath expected to bring heightened stress to the market.
“And that's what I'm trying to do for clients right now, predict well in advance that the president is going to start talking about a diesel export ban.”
“So if you look at the congressional calendar, something that me and Paul do all the time, it's really informative to get a sense of when your peak risk is going to come. So we talk about 40 days being left in the election. That's 40 days of gas at almost $ 4. 50 a gallon.”
“The conversation around a diesel. Export ban should be all the red flag you need to know that we are dealing with just executive actions now, which by definition are gonna be more extreme than a legislative solution.”