White House Official says report that US is considering a diesel export ban is "Fake News"

Denials of this kind from administration officials have historically unwound only part of that risk premium, since the fact the idea is circulating at all signals the political pressure point that high pump prices create. The mechanism runs through the Atlantic Basin distillate balance: US Gulf Coast exports are a marginal supply source for Latin America and Europe, so even the threat of restriction widens the spread between US and European diesel pricing. What separates this from routine rumor is whether the denial is categorical or leaves room for narrower measures such as inventory reporting requirements or Jones Act waivers, which have been the more common policy outcomes. The follow-ons are any repetition of the idea from other officials, DOE or White House scheduling around fuel prices, and the weekly distillate stock and export data. As a denial rather than a policy, the immediate effect is to remove premium rather than add it, but episodes of this kind have tended to recur while the underlying price pressure persists.