Rep. Thomas Massie joked about needing gold to buy diesel when asked about President Donald Trump’s “golden age” claim. The U.S. Energy Information Administration reported highway diesel averaged $6.529 a gallon on Sept. 21, up from $5.454 five weeks earlier.
The August Consumer Price Index showed prices up 3.4% year over year, while gasoline rose 3.9% that month and accounted for more than one-third of the monthly increase; those figures predate September’s full diesel rise. The article cites a Minnesota farmer’s $1,647 bill to fill a 330-gallon combine tank at $4.99 a gallon, compared with about $785 at last year’s $2.38 rate, according to DTN. A USDA study it cites estimates that doubling diesel prices would raise short-term wholesale produce prices by 20% to 28%.
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