Trump has a ‘sledgehammer’ way to slash diesel prices. But it could boomerang back on the US
Grassley says an export embargo could help farmers and truckers as AAA reports diesel at a record $6.51 a gallon.
- On Saturday, Senator Chuck Grassley urged President Donald Trump to embargo diesel exports, citing record prices reaching $6.51 per gallon on Monday that are straining farmers in his agricultural state.
- Diesel prices have surged 83% so far this year, hitting record highs amid the Trump administration's war against Iran, which has disrupted Middle Eastern energy supplies and compounded inflationary pressure on fuel costs.
- Interior Secretary Doug Burgum told CNBC he is "not at all confident" an export ban would lower prices, while American Petroleum Institute CEO Mike Sommers warned the proposal would "make the problem worse, not better" for consumers.
- The White House confirmed on Monday it is not considering an export ban, though Senate Republicans remain divided on the proposal, with some calling it a "gimmick" that ignores market complexities.
- Energy analysts warn that trapping diesel in the Midwest could cause sharp price spikes on the East and West Coasts, where regions depend on imports; Garrett Golding of the Federal Reserve Bank of Dallas cautioned steep declines in Texas would be "offset by spikes in New York.
53 Articles
53 Articles
GOP senators 'clash' as Trump’s 'double whammy' sparks red state backlash
Economists are warning that soaring diesel prices will make a wide variety of products more expensive. In response, Sen. Chuck Grassley (R-Iowa), according to The Hill's Alexander Bolton, is on board with a proposal to "embargo the export of diesel to increase supply and lower prices at home." But that proposal, Bolton reports, is setting off an intense "clash" among Senate Republicans."Senate Majority Leader John Thune (R-S.D.) is open to the i…
Local 3 News
KMIZDiesel, the most important fuel on the planet, is so expensive that some Republicans want President Donald Trump to stop exporting it to friends and allies.
Rural Republicans press Trump for relief as diesel prices surge
The Trump administration is facing growing pressure to lower diesel prices, with rural Republicans calling for a ban on diesel exports just weeks ahead of the November elections. Several Republicans in rural districts who are locked in competitive races called for the White House to take action on high gas and diesel prices caused by […]
Diesel prices shoot upward as top farm-state GOP senator begs Trump for export embargo • Maine Morning Star
WASHINGTON — Diesel prices hit a record average of $6.51 a gallon Monday, and some in President Donald Trump’s own party are breaking their support for the ongoing war in Iran that has driven fuel prices to staggering levels in the United States and across the globe. Already House Republicans locked in tight races as […]
Trump has a ‘sledgehammer’ way to slash diesel prices. But it could boomerang back on the US
By Matt Egan, CNN New York (CNN) — Diesel, the most important fuel on the planet, is so expensive that some Republicans want President Donald Trump to stop exporting it to friends and allies. “High diesel prices ARE KILLING FARMERS INCOME,” Republican Sen. Chuck Grassley posted on X last week, calling for an “embargo on
Senators Seek Diesel Export Ban to Halt Soaring Prices
Trump must “do something” is the new battle cry by farm state Senators. Senator Grassley Seeks Embargo America First “W diesel $6.57 in Iowa why doesn’t Pres Trump put an embargo on diesel exports like presidents in the 70s put embargoes on ag products bc food prices were inflated. High diesel prices ARE KILLING FARMERS […]
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