News
Bear
Volatility: 3/5
Big business warns Trump against diesel export ban in joint letter
September 24, 2026
·
cnbc
·
62% confidence
Summary
Big business groups urge Trump not to ban diesel exports as national diesel average hits $6.51/gal, up ~$3 y/y.
AI Analysis
Elevated diesel prices are a broad inflationary headwind, pressuring transport/industrial margins and keeping Fed hawkish. An export ban would distort energy markets; the letter signals policy risk. High fuel costs weigh on most stocks.
Direction
Bear
Volatility
3/5 - Moderate
AI Confidence
62%
Affected Stocks
VLO
MPC
PSX
XOM
CVX
DAL
UAL
UPS
FDX
JBHT
Likely Winners
VLO (Valero Energy)
MPC (Marathon Petroleum)
PSX (Phillips 66)
XOM (Exxon Mobil)
CVX (Chevron)
Likely Losers
DAL (Delta Air Lines)
UAL (United Airlines)
UPS (United Parcel Service)
FDX (FedEx)
JBHT (J.B. Hunt)
Suggested Action
Buy XLE to position for elevated diesel/crack spreads
Recommended Actions
- Buy XLE to position for elevated diesel/crack spreads
- Buy refiners VLO and MPC on diesel supply tightness
- Avoid or short DAL and UAL given elevated jet fuel costs
- Monitor diesel crack spreads and WTI crude for policy-driven moves
- Add a small inflation hedge via TIP or short-duration positioning