US to ban diesel exports? Trump weighs drastic move
The White House has denied that it intends to ban US diesel exports, according to Senator Ted Cruz, who spoke with refining industry leaders on Friday. The administration is exploring ways to reduce the surging diesel prices, which have reached a record high of $6.53 a gallon. Cruz's assurance came during a private call with industry representatives, though it was not directly from President Donald Trump.
The White House is considering various options, including expanding the use of dyed red diesel, which is exempt from federal taxes, and exempting red diesel from the Renewable Fuel Standard. Energy Secretary Chris Wright stated that the administration is not fully backing a blanket ban but may adjust the flow of diesel from US refineries to curb price hikes.
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