Banning diesel exports won't fix spiking prices due to war
With diesel prices hitting all-time highs above $6.50 a gallon, there is a growing demand from farm states that the White House ban diesel exports from the United States.Treasury Secretary Scott Bessent said today that the administration is considering whether such a step would be feasible. Sen. Chuck Grassley, R-Iowa, has endorsed the idea.The persistent jump in diesel prices comes despite oil prices dropping to $90 per barrel from their highs above $105 per barrel last week amid signs of more
Source: Responsible Statecraft