Trump announces $8 billion in diesel relief for U.S. farmers
The USDA said farmers don't need crop insurance to qualify and can prepare to apply by creating a Login.gov account.
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The USDA said farmers don't need crop insurance to qualify and can prepare to apply by creating a Login.gov account.
Gas prices, which jumped 9.1% in September from August, accounted for more than half the monthly rise in inflation.
Average U.S. diesel prices remain stuck above $6 a gallon, raising fuel costs in trucking, agriculture and construction.
Experts say the new executive order will have a limited impact on farmers and truckers who rely on diesel.
President Trump said he is "very seriously" considering a ban on diesel exports. But such a move could drive U.S. gas prices sharply higher, analysts said.
Some lawmakers want to halt U.S. diesel exports as prices top $6.50 a gallon. But such a ban could have unintended consequences, experts say.
The price of diesel has soared more than 60% over the last year, a surge energy experts say is likely to continue. Here's why.
Iran on Sunday threatened a "more painful" response to U.S. strikes on three Iranian oil tankers.
The average price of gas across the U.S. last reached $4 after Russia's invasion of Ukraine sent crude oil prices surging.
Rising diesel prices could push up costs across the U.S. economy, as many goods move by diesel-powered trucks.