One of US President Donald Trump's senior energy industry officials said that the US ban on fuel exports or crude oil exports will not reduce retail oil prices. Interior Secretary Doug Bergum, who heads Trump's National Energy Leadership Council, made these remarks on the sidelines of the G20 energy summit in Houston on Monday. As retail diesel prices hit a record high of more than $6 per gallon, and gasoline prices also exceeded $4 per gallon, outsiders speculated that the Trump administration may adopt export restrictions a few weeks before the critical midterm elections to eliminate adverse effects. “If we think an export ban might lower prices, we'll consider implementing an export ban, but that's not the case,” Bergham said. He and Energy Secretary Chris Wright have been publicly opposed to imposing such restrictions.

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