U.S. diesel prices hit a new high, with the White House initiating an economic assessment of a short-term export ban, involving Treasury Secretary Bessent and others.
The average retail price of diesel in the US hit a new record this week, reaching $6.51 per gallon, with inventories falling to their lowest level for this time of year in over four decades. Bloomberg, citing sources familiar with the matter, reported that the White House has initiated a formal economic assessment of a short-term ban on diesel exports. Kevin Hassett, Director of the National Economic Council, Scott Bessent, Secretary of the Treasury, and Jamieson Greer, US Trade Representative, are jointly conducting this analysis. Donald Trump informed reporters this week that he has recommended this measure to his advisors.
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