Economist Warns Dyed-Diesel Tax Relief Could Raise Farm Fuel Costs
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...
Key points pulled from the episode
- ▸Lade says tax relief does not address constrained diesel supply.
- ▸He warns that increased consumption could push off-road diesel prices higher.
Why it matters for agriculture → Lade’s warning concerns the cost of off-road diesel used by farmers.