Market Chatter: White House Studies Diesel Relief Options Amid Record Prices

MT Newswires Live09-26 06:07

Trump administration officials are weighing measures to curb diesel prices, including suspending the federal diesel excise tax and easing restrictions on off-road "red diesel," Bloomberg reported Friday, citing people familiar with the matter.

Discussions remain wide-ranging with no decision imminent, the people said, according to the report.

Talks have involved Vice President JD Vance, who has pushed for a diesel export ban, along with Energy Secretary Chris Wright, Interior Secretary Doug Burgum and Treasury Secretary Scott Bessent, the report said.

The White House did not immediately respond to a request for comment from MT Newswires.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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