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US Senator: White House commits to not banning diesel exports under Trump
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On September 26, US Senator Ted Cruz informed refining industry leaders that the White House has committed to not banning US diesel exports under the Trump administration. This assurance comes as the government evaluates multiple options to lower diesel prices, which are currently at historic highs. President Trump aims to see retail prices at the pump decline. Among the measures being considered is easing restrictions on red-dyed diesel sales and exempting it from federal biofuel blending requirements, which could reduce diesel procurement costs. The report originates from financial news outlet 格隆汇 (Gelonghui) via Tencent Stock.
Source report
September 26 — U.S. Senator Ted Cruz informed refining industry leaders last Friday evening that the White House has committed to not banning American diesel exports under the Trump administration, according to sources.
Cruz conveyed this assurance as the administration weighs multiple options to lower diesel prices, which are currently at record highs. President Trump is seeking a reduction in retail prices at the pump.
Among the policy options under consideration is easing restrictions on the sale of red-dyed diesel and exempting it from federal biofuel blending mandates—a move that could help reduce diesel procurement costs.
Source
格隆汇Regional
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White House denies diesel export ban plan, Senator Cruz says no ban coming