The record
Written from the 1 report below. Nothing here is unsourced.
- The White House officially rejected claims that a 90-day ban on diesel exports is being prepared by the administration.
- Energy Secretary Chris Wright stated that such a ban would be ineffective and potentially counterproductive by forcing refineries to reduce output due to storage constraints.
- Rising fuel costs have become a significant political issue for the administration ahead of the upcoming midterm elections.
- Diesel price surges are currently linked to global supply disruptions resulting from conflicts in Iran and Ukraine.
Who said what3
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Chris Wright
US Energy Secretary
2 quotes · 1 outlet
“The blunt tool of banning diesel exports definitely doesn’t work”
In the article
…export ban, citing five people familiar with the discussions. US Energy Secretary Chris Wright separately said a blanket diesel export ban would not work and could instead push up prices of gasoline and jet fuel. “ The blunt tool of banning diesel exports definitely doesn’t work ,” Wright said at an event in New York on Wednesday. "What's being discussed is what's the most efficient way to get more diesel into the United States of America, and continue maximum flows of gasoline and jet fuel,"…
“What's being discussed is what's the most efficient way to get more diesel into the United States of America, and continue maximum flows of gasoline and jet fuel”
In the article
…blanket diesel export ban would not work and could instead push up prices of gasoline and jet fuel. “The blunt tool of banning diesel exports definitely doesn’t work,” Wright said at an event in New York on Wednesday. " What's being discussed is what's the most efficient way to get more diesel into the United States of America, and continue maximum flows of gasoline and jet fuel ," Wright said Wright said restricting exports could leave US refineries with insufficient storage capacity, forcing them to reduce production. “If you can’t export the diesel that comes out of our refineries, you run…
Donald Trump
President
1 quote · 1 outlet
“let’s not send out the diesel”
In the article
…on gasoline and jet fuel prices. The White House denial came a day after President Donald Trump said he supported restricting diesel exports as prices surged. Trump said on Tuesday that he had told his advisers, “ let’s not send out the diesel ,” while Treasury Secretary Scott Bessent said the administration was examining whether a full or partial export restriction would be feasible. The issue has created a divide within the administration. Average US diesel…
Coverage1
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Named United States · Iran · Ukraine · Russia · AAA · Bloomberg Television · Chris Wright · Daan Struyven · Donald Trump · Goldman Sachs · Politico · Reuters · Scott Bessent · White House
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