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26.09.26 - 18:21
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Diesel Export Ban Off The Table? Ted Cruz Relays White House Assurances To Refinery Heads (ZeroHedge)
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Diesel Export Ban Off The Table? Ted Cruz Relays White House Assurances To Refinery Heads
As of early Saturday morning, AAA data put the national average retail diesel price at about $6.48 a gallon, slightly below its recent record high, while Brent crude settled on Friday around $104.30 a barrel. The modest pullback leaves fuel costs elevated and maintains pressure on the White House to deliver relief before the midterms.
The Trump administration's messaging on a potential diesel export ban has exposed differing views over how to address the global refining crisis that could soon morph into an economic shock (Read Apollo's warning). President Donald Trump has been for a diesel export ban, while Energy Secretary Chris Wright has opposed a blanket ban and instead encouraged industry measures to increase domestic supply.
Politico reported midweek that the administration was preparing a potential 90-day export ban. By late Friday, however, Senator Ted Cruz told refinery heads he had received Wh...
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25.09.26 - 16:06
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Apollo′s Slok Warns of Inflation Risk From Diesel Surge (Bloomberg)
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Torsten Slok, chief economist at Apollo, warns that inflation from rising diesel prices may not be taken into account by the Federal Reserve since “that is really entering elsewhere in the CPI basket than in the energy line.” He speaks on “Bloomberg Surveillance.” (Source: Bloomberg)...
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