Crawford says Americans are fatigued as diesel prices near $6.50

  • Rep. Rick Crawford said Americans are fatigued by rising diesel prices during the Iran war.
  • Diesel averages nearly $6.50 nationally, up 85 cents monthly and $2.80 annually.
  • President Trump supported export restrictions, while Energy Secretary Chris Wright opposed the policy.

Rep. Rick Crawford (R-Ark.) said Americans are fatigued by rising diesel prices amid the Iran war, with the fuel averaging nearly $6.50 per gallon nationally, according to AAA. Diesel is about 85 cents more expensive than a month ago and roughly $2.80 above its year-ago level. Crawford said diesel matters as much as, or more than, gasoline because it powers the broader supply chain, meaning higher costs feed through to the economy. Fuel prices remain elevated during the nearly seven-month conflict as traffic through the Strait of Hormuz and Red Sea has declined because of restrictions by the Iranian military and the Iran-backed Houthi rebel group, respectively. President Trump supported a diesel-export ban this week, while Energy Secretary Chris Wright said Wednesday that the policy "definitely doesn’t work." Patrick de Haan, head of petroleum analysis at GasBuddy, said a 90-day ban could lower prices initially, but refiners’ response could vary significantly as prices fell. Crawford, the House Intelligence Committee chair, said the economic discomfort was preferable to allowing Iran to obtain a nuclear weapon.

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Crawford says Americans are fatigued as diesel prices near $6.50 - CoinPost Terminal