Politico reports White House preparing 90-day ban on diesel exports
Politico, citing unnamed sources, reports the plan. The White House said a day earlier that no such restriction was under consideration.
According to Politico, citing unnamed sources, the White House is preparing a plan for a 90-day ban on diesel exports. The aim would be to tighten domestic supply as diesel prices keep climbing.
The report comes a day after the White House said no such move was under consideration.
The idea fits the administration's stated focus on bringing down refined product prices, an issue Kevin Hassett has called significant. A temporary export ban could tighten domestic diesel supply and ease prices in the near term, though the effect depends on whether refiners raise output to cover the shortfall. The prospect is marginally bullish for energy consumers and logistics operators, and neutral to slightly bearish for refiners that rely on export sales.
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