The Trump administration is considering alternatives to banning diesel exports to lower high gas prices, including expanding the use of the tax exemption on "dyed diesel" and encouraging states to reduce diesel taxes.

The Trump administration is considering alternatives to banning diesel exports to lower high gas prices, including expanding the use of the tax exemption on "dyed diesel" and encouraging states to reduce diesel taxes.

No final decision has been made, but officials are expected to announce a plan soon.

Energy Secretary Chris Wright warned that an export ban could reduce supplies and cause higher prices.

Diesel prices in the US reached $6.50 per liter, about $2.80 higher than a year ago, which increases the pressure on farmers and transportation companies.

Source: POLITICO