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Energy And Economy

All articles tagged with #energy and economy

energy-and-economy6 hours ago•2 min saved

White House Weighs 90-Day Diesel Ban as Industry Warns of Price Spike

The Trump administration is preparing a potential 90-day ban on U.S. diesel exports to lower record-high fuel prices ahead of the November midterms. While President Trump has signaled support, Energy Secretary Chris Wright and industry leaders warn that such a move would backfire by forcing refiners to cut production, ultimately raising gasoline and jet fuel costs. The decision remains unresolved, with internal White House divisions and market volatility reflecting the tension between political pressure and economic reality.

via CNBC|

#diesel-export-ban #energy-and-economy #energy-prices

energy-and-economy1 day ago

Trump Backs Diesel Export Ban as US Prices Hit Record Highs

President Trump has publicly supported a ban on US diesel exports to lower record-high fuel costs, with Treasury Secretary Scott Bessent confirming the administration is evaluating the feasibility of a full or partial restriction. US diesel prices reached $6.53 per gallon on Tuesday, up 75% from a year ago, driven by conflicts in Ukraine and Iran that have reduced global supply. While some Republican lawmakers urge the ban to protect farmers and truckers ahead of midterms, industry groups and energy experts warn that restricting exports could backfire by reducing refining output and raising prices for other fuels.

via The Guardian|

#diesel-prices #energy-and-economy #energy-policy

energy-and-economy1 day ago•44 min saved

US Weighs Diesel Export Ban as Prices Hit Record $6.53

The Trump administration is evaluating a potential ban on US diesel exports to address record-high domestic prices, which reached $6.53 per gallon on Tuesday. Treasury Secretary Scott Bessent confirmed the review, noting that the feasibility of a full or partial ban depends on refining capacity. While several Republican lawmakers and farmers support the move to lower costs, energy experts warn that such a ban could disrupt global supply chains, raise gasoline prices, and harm US refiners. The decision comes amid rising fuel costs driven by conflicts in Iran and Ukraine, with the administration promising a swift resolution.

via The Washington Post|

#diesel-export-ban #energy-and-economy #energy-policy