๐บ๐ธ๐ท๐บ Trump says the U.S. may ban diesel exports to fight record prices.
He said Sunday it's under "very serious" consideration, though it could raise gasoline prices a little. US diesel averages about $6.50 a gallon, a record.
Trump blames attacks on Russian refineries. Energy
@SecretaryWright prefers voluntary export limits, and Sen.
@TedCruz says the White House earlier told refiners no ban was coming.
๐บ๐ธThe White House is allegedly blinking on a 90-day diesel export ban after oil execs and Energy Secretary Chris Wright warned it would backfire.
Officials are reportedly now eyeing dyed off-road diesel (exempt from federal road fuel taxes), state tax holidays, and a voluntary pause or reduction in exporting as the national average hits $6.50 a gallon.
Trump is still expected to announce something by early next week.
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