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The Trump administration is considering alternatives to a diesel export ban to lower record-high fuel prices, including expanding tax-exempt “dyed diesel” use and encouraging states to cut diesel taxes.

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

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

U.S. diesel prices hit $6.50 per gallon, about $2.80 higher than a year ago, increasing pressure on farmers and transport companies.

Source: POLITICO
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