[UPDATE] Trump says a diesel export ban is still on the table but shows less appetite for it
He is now pushing red-dyed diesel, which skips the roughly 24-cent federal highway diesel tax, as another way to lower prices.
Trump said a ban could spike prices for other fuels, but he would not rule one out. He is now pushing red-dyed diesel to lower prices; that off-road fuel skips the federal highway diesel tax of about 24 cents a gallon.
PREVIOUSLY
- Sep. 24 — Trump called for halting diesel exports; the White House denied plans for a 90-day ban, and Energy Secretary Chris Wright warned refineries would cut output, raising gasoline and jet fuel prices.
- Sep. 28 — Trump said he was "very seriously" considering a diesel export ban.
- Sep. 29 — The UK lobbied privately for an exemption; Goldman Sachs said a ban would cut diesel prices at first, then push gasoline up each week it lasted.