Trump admin weighs 90-day diesel export ban as prices hit…
Energy Secretary Chris Wright has publicly opposed the measure, warning it could backfire by forcing refiners to cut production and push prices even higher.
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Energy Secretary Chris Wright has publicly opposed the measure, warning it could backfire by forcing refiners to cut production and push prices even higher.
Wright's stance signals the administration will not pursue supply restrictions as a tool for managing domestic fuel costs, keeping export markets open.
A $100B incremental fuel bill across roughly three months is a direct hit to US consumer wallets, and the second-round effect on goods inflation is the part Fed doves will be watching next.