Trump signs order to ease diesel costs ahead of midterms: Will it bring relief to US farmers?

1 week ago 23

US President Donald Trump. US President Donald Trump is facing rising pressure to bring down fuel prices as increasing costs squeeze American households and businesses ahead of the November midterm elections.Despite measures to boost diesel supplies and reduce fuel taxes, prices remain elevated, raising questions about how much the administration can do to ease the burden on consumers in the coming weeks.Diesel prices in the US have climbed sharply since the US-Israel war with Iran began in February, with the average price hovering around $6.30 per gallon in early October.The conflicts involving Iran and Russia’s war with Ukraine have disrupted global fuel supplies, pushing up costs for farmers, truckers and other businesses that depend on diesel.According to news agency Reuters, US diesel prices have risen by around 70 per cent since the war with Iran began, even after the Trump administration backed the release of emergency fuel reserves and expanded access to tax-exempt diesel.The surge in fuel prices has also become a political concern for Republicans, who are seeking to defend their narrow congressional majorities in the November 3 midterm elections. The cost of living remains...

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