President Trump on Thursday said his administration will invoke the Defense Production Act to spend $150 million to boost gasoline and diesel production in the U.S., the latest effort from the administration to lower fuel prices. The Defense Production Act, or DPA, is a Korean War-era law that allows the president to use loans, purchase…
Russia’s commitment to boost global diesel supply, as announced by President Trump on Oct. 9, may do little to ease prices in the U.S. in the short term, according to energy experts. “If we get diesel from Russia, basically it means that their existing customers are not going to get it and they’ll have to go…
Some Republican lawmakers are calling for a ban on U.S. diesel exports as a way to lower record-high prices. But energy experts warn the move could backfire and drive diesel prices even higher by worsening the global supply crunch. Average diesel costs hit a record $6.53 a gallon on Tuesday, up 77% from a year…
The U.S. Food and Drug Administration authorized marketing of four new flavored nicotine pouch products this week, bringing to 30 the number of such products the FDA has recently greenlit after considering the public health impact. Tuesday’s decision on pouches from the brand “on!” is the latest in a series of steps by the Trump…
