00:00He's considering restricting diesel exports as record prices put pressure on his administration
00:05to bring down fuel costs.
00:08But the idea is facing pushback from the oil and gas industry and even some of Trump's own advices.
00:14Trump says he has not yet decided whether to go ahead with the move.
00:20I'm thinking about it. I speak to Chris and Doug about it a lot.
00:24They sort of think it'll help diesel but it might raise the price of other things.
00:30And I think we're in a good place because oil prices are going to start to come down.
00:33Tremendous oil is coming out of the Hormuz Straight now.
00:36We're running it. We're literally running it.
00:39We have total control.
00:42The issue takes on added political weight ahead of the midterm elections
00:46with the White House facing pressure to keep fuel costs in check.
00:50The administration has previously signaled it was open to limiting exports
00:55but cabinet members and industry leaders warned the move could drive up prices for diesel and other fuels.
01:01Energy Secretary Chris Wright says the administration will soon announce measures
01:05to bring down diesel prices while Europe is also expected to take steps to boost supplies.
01:11And I'm just going to listen to this advice.
01:12Of course, it's got to drop down.
