Surging Diesel Prices Add to Affordability Pressures Weeks Before Midterms
The spike is squeezing farmers and adding political pressure as Republicans push for relief and voters blame the economy.
- On Monday, the national average for a gallon of diesel reached a record $6.51, according to AAA. Farmers preparing for autumn harvest report struggling amid these elevated costs.
- War with Iran and attacks on Russian energy facilities have significantly reduced global supplies. Middle Eastern exports declined more than 50 per cent, fueling the surge in refined product costs.
- Senate majority leader John Thune and other Republicans are urging the White House to "stop the bleeding" by considering a ban on diesel exports. Sen. Chuck Grassley, R-Iowa, argues high prices are harming farm income.
- Energy Secretary Chris Wright and Interior Secretary Doug Burgum have rejected export bans, arguing such measures would not lower domestic prices. Officials warn a ban could cause global prices to soar.
- Rising energy costs have intensified political pressure as the midterm elections approach, with competitive races emerging in rural states like Iowa and Kansas. Voters recently identified gas prices as a major household problem, complicating re-election efforts.
18 Articles
18 Articles
US President Donald Trump says he supports party members who have advocated for a halt to American diesel exports.
Sydney Morning Herald
‘Stop the bleeding’? A Trump move to stop the diesel spike could hurt all of us
Republicans, fearful of losing control of Congress, are pressuring the US president to ban or restrict diesel exports to stop the fuel’s price surge as the midterm elections loom. It would backfire, and not just on America.
NBC Montana
Surging diesel prices add to affordability pressures weeks before midterms
Climbing prices for diesel fuel are adding to economic headwinds facing Republicans with just weeks left before the midterm elections as they confront prospects
‘Stop the bleeding’: top Republicans tell Donald Trump to ban US diesel exports ahead of midterms
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