Source summary
What this article covered
Source summary
Ohio State University economist Gabriel Lade tells Brownfield that suspending fuel taxes does not address the factors pushing diesel prices higher. He says refineries are at capacity and tax cuts do not change supply conditions. Lade warns that increased consumption could raise off-road diesel prices and leave farmers worse off.
Key takeaways
2 things worth knowing
- 01
Lade says tax relief does not address constrained diesel supply.
- 02
He warns that increased consumption could push off-road diesel prices higher.