GOP Lawmakers Eye Diesel Export Ban as U.S. Prices Hover Near Record $6.45
Updated
Updated · The Washington Post · Sep 21
GOP Lawmakers Eye Diesel Export Ban as U.S. Prices Hover Near Record $6.45
3 articles · Updated · The Washington Post · Sep 21
Summary
$6.45-a-gallon diesel prices have pushed congressional Republicans to seek relief, with Sen. Chuck Grassley saying the surge is “killing farmers income.”
Grassley publicly asked why President Donald Trump has not pursued an export ban like those used during 1970s price spikes, arguing farmers need protection despite global turmoil.
Rep. Tim Burchett introduced legislation last week to restrict diesel exports, and Senate Majority Leader John Thune said the Senate is open to any viable proposal that could ease prices.
Analysts expect diesel costs to rise further as conflicts in the Middle East and the Russia-Ukraine war strain global refining capacity, widening the political pressure for intervention.