White House / President·Energy
Update: White House still weighing diesel export ban as prices near record
Retail U.S. diesel prices were hovering near a record high of about $6.53 a gallon as the Trump administration again weighs a diesel export ban, CNBC reported early Tuesday, citing market data and prior White House comments. Analysts at Kpler estimate an outright ban would keep roughly 1.2 million barrels a day at home and risk overwhelming Gulf Coast storage. The fuel squeeze is tied in part to the unresolved Iran conflict; Middle East crude exports rebounded in September toward their highest level since the war began in February, Kpler told CNBC, though Strait of Hormuz clearances remain well below pre-war levels.
Sources
- CNBCU.S., Iran hold separate mediator talks as Mideast oil exports hit war-time high