Republican Support Grows for Trump's Diesel Export Ban
Some Republicans want to curb exports to ease an 83% diesel price spike, but analysts say the move could raise costs elsewhere.
4 Articles
4 Articles
Proposed diesel export ban splits GOP senators
{beacon} Business & Economy Business & Economy The Big Story Proposed diesel export ban splits GOP senators Senate Republicans are clashing over a proposal endorsed by Sen. Chuck Grassley (Iowa) and other farm-state Republicans to embargo the export of diesel to increase supply and lower prices at home. © Greg Nash Senate Majority Leader…
Republicans warn GOP plan to fix Trump’s self-made crisis will 'backfire'
The GOP has a plan to address the high cost of diesel fuel, but a CNN expert said it would backfire. Regular gas prices may see a small drop after per-barrel prices fell due to the Saudis using a pipeline to funnel oil to the other side of the country for export. Diesel keeps climbing. Former representative and current U.S. Senate candidate Mike Rogers (R-Mich) and Sen. Chuck Grassley (R-Iowa), are promoting the idea that the U.S. should conside…
The GOP’s Fuelish Diesel Export Ban
We’ve offered up plenty of ways to lower diesel and gas prices – including a temporary suspension of gas taxes and suspending ethanol and other “renewable” fuel standards. The WSJ has embraced these ideas as well. Instead, Senate Republicans and some White House officials are pushing a hair-brained ban on exporting fuels. Here’s Patrick De Haan of GasBuddy with a good explanation of a bad idea that wouldn’t even fly in an Economics 101 class: Th…
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