From§Each

Page F2From§Eachthe milkman edition — 24 September 2026

Farm-state Republicans demand relief from record diesel prices, get told no by their own energy secretary

“Would a diesel export ban actually bring down prices?”, 23 September 2026 (Photo via The Hill — the original report)

As it ran on the front

Five weeks ago this column showed you the asset side: Washington claims majority control of Venezuela's 65 billion barrels of oil, a claim Democracy Now called an oil grab at gunpoint before the ink dried. The receipts at the time said the deal would secure America's energy future for generations. On September 4, diesel hit an all-time high of $5.85 a gallon. On September 11 it hit $6.06, a 64 percent jump over the price a year earlier, with Common Dreams pinning the driver on the Iran war, not a shortage of asset-side control. On September 20, Senator Chuck Grassley — a Republican, from a farm state where diesel is not a metaphor — asked the president for an embargo on exports, the same tool presidents used on food in the 1970s.

Wednesday brought the answer. Energy Secretary Chris Wright told reporters the "blunt tool" of banning diesel exports "definitely doesn't work" — this from the department that oversees the 65 billion barrels the country apparently now controls. The Hill's own reporting found analysts skeptical a ban would meaningfully lower prices anyway, and more than thirty groups including the U.S. Chamber of Commerce wrote the White House that same day urging Trump to reject the exact ban Grassley wanted. Iowa's Ashley Hinson, running for the Senate seat, demanded the House return to session over diesel costs; it was The Hill's own reporting, not a quote from Hinson, that framed the politics of that demand as a liability heading into November. Farm country got a form letter either way.…

…(cont) The same Wednesday, Federal Reserve Governor Michael Barr said another interest rate increase is "likely," one week after the Fed's first hike in three-plus years. By Thursday the 30-year mortgage rate had crossed 7 percent for the first time since May 2024. The 10-year Treasury yield hit 5.11 percent, a 19-year high, up roughly 14 basis points in a single day, as the sell-off that started with the Iran war kept rolling.

So here is the balance, hon: the export ban that might have helped at the pump is off the table because it "doesn't work." The rate hike that already raised your mortgage payment worked well enough that the Fed wants to run it back. Diesel money and mortgage money are moving in the same direction this week, and the receipts don't show it landing on the people asking for help.

“You demand the ban, they hand you a memo. Grassley asks for the embargo, the Chamber of Commerce writes a letter the same day telling the president no, and the Energy Secretary reads it back to you like it was his idea. Meanwhile the Fed's already jacked your mortgage past 7 percent and is telling you, out loud, there's more coming — that's not two stories, that's one hand in both pockets.”
Sal
“Look, banning exports is just bad policy — every serious analyst The Hill talked to said it wouldn't even work, so Secretary Wright is actually protecting consumers here by not doing the popular thing. And the rate hikes? That's the Fed fighting inflation, which, if you think about it, is also about protecting — okay, protecting the diesel prices from going up more, or — did I say that? That's not what I meant.”
Chip

Earlier in this story

The receipts

Would a diesel export ban actually bring down prices?
The Hillmainstream§

Experts are skeptical that a diesel export ban would meaningfully reduce fuel prices in the U.S. as the Trump administration sends mixed signals about if it is considering such a move. Analysts interviewed by The Hill said that an outright ban could provide some short-term relief in certain parts of the country, but that in...

Grassley urges Trump to place embargo on diesel exports amid high prices
The Hillmainstream§

Iowa Sen. Chuck Grassley (R) on Saturday pressed President Trump for an embargo on diesel exports amid high prices for the fuel. “why doesn’t Pres Trump put an embargo on diesel exports like presidents in the 70s put embargoes on ag[riculture] products bc [because] food prices were inflated,”

Chamber of Commerce, oil groups urge Trump to reject diesel export ban Oil industry lobbies against the one policy that could lower diesel prices
The Hillmainstream§

American business, energy and manufacturing groups on Wednesday urged President Trump to reject calls to impose a diesel export ban after the president said he was weighing this move in an effort to bring down rising fuel costs. Over 30 groups urged the president in a letter to “reject calls to ban or otherwise limit...

"We've got to get rid of the $19 trillion in debt" - Trump promised it done "over a period of eight years", 31 March 2016 The Washington Post, 31 March 2016 interview

10-year Treasury yield spikes to highest point since 2007
The Hillmainstream§

The benchmark 10-year U.S. Treasury bond yield again hit a 19-year high on Wednesday, as the market sell-off continues amid the Iran war and rising government debt. The 10-year note closed at 5.11 percent on Wednesday, up roughly 14 basis points from its closing point on Tuesday.

Wright throws cold water on diesel export ban
The Hillmainstream§

{beacon} Energy & Environment Energy & Environment The Big Story Wright throws cold water on diesel export ban Energy Secretary Chris Wright threw cold water at the idea of a full ban on diesel exports Wednesday. © Greg Nash “The blunt tool of banning diesel exports definitely doesn't work," Wright was quoted as saying...

Farm state Republicans feel the pressure from rising diesel prices
The Hillmainstream§

Farm state Republicans are increasingly pressing the Trump administration and Congress to take action to bring down diesel prices, underscoring how rising costs have become a political liability for the GOP heading into the November midterms. Rep. Ashley Hinson, the Iowa GOP Senate candidate, on Tuesday demanded action, calling for the…

NAR puts the median first-time homebuyer at 40 years old - a record - and first-time buyers at a record-low 21% of the market National Association of Realtors, 2025 Profile

Fed's Barr says future interest rate hikes 'likely' needed to tame inflation
The Hillmainstream§

Federal Reserve Governor Michael Barr said Wednesday the central bank will “likely” raise interest rates again to counter persistent inflation, after it did so last week for the first time in three-plus years. Barr, a member of the rate-setting Federal Open Market Committee (FOMC), said the unanimous decision to raise the benchmark…

· 'Trump Did It!': At $5.85 a Gallon, Diesel Price Hits All-Time High in US Thanks to War on Iran from the morgue, 4 Sep 2026

· Inflation Could Soon ‘Get a Lot More Painful’ as Trump’s Iran War Drives Diesel Over $6 a Gallon from the morgue, 11 Sep 2026

· Fed hikes rates for first time in over 3 years from the morgue, 16 Sep 2026

· Trump admin's list of US-designated 'foreign terrorist' groups in Latin America expands to 21 from the morgue, 11 Sep 2026

· Top Trump official reveals how 30-minute military op unlocked Venezuela oil windfall for US buyers from the morgue, 11 Sep 2026

· Ex-Venezuelan first lady Cilia Flores seeks release from NYC jail, citing heart ailment from the morgue, 11 Sep 2026

· New York City protest once again demands release of Maduro and Flores from the morgue, 11 Sep 2026

· Trump Official Denies Stealing Venezuela's Oil One Hour After Boasting Country is 'Forced to Work' With US from the morgue, 6 Sep 2026

· 'Mobster Language': Trump Says Venezuelan Oil Will Replenish US Reserves from the morgue, 30 Aug 2026

· 'Yet Another Trump Grift': Congress Called to Stop US Takeover of Venezuelan Oil Fields from the morgue, 28 Aug 2026

· The Biggest Oil Deal or Theft at Gunpoint? U.S. Claims Majority Control of Venezuela's Oil Reserves from the morgue, 1 Sep 2026

· Tehran threatens attacks after U.S. strikes Iranian tankers from the morgue, 7 Sep 2026

· US forces take out 3 Iranian oil tankers in retaliation from the morgue, 7 Sep 2026

· Oil prices up as Iran says it will expand control over Strait of Hormuz from the morgue, 8 Sep 2026

· Iran live updates: Trump speaks to MBS, says everything will 'work out fine' from the morgue, 13 Sep 2026

· Iran threatens retaliation against U.S. tanker strikes from the morgue, 7 Sep 2026

· U.S. gas prices hit record high for Labor Day from the morgue, 7 Sep 2026

· Ship tracking websites, including Kpler, MarineTraffic, and TankerTrackers, show that three Iranian oil tankers, including two from the National Iranian Tanker Company, have escaped the blockade that from the morgue, 17 Jun 2026

· Iranian state media reports that the United States Navy attempted to capture an Iranian oil tanker. The oil tanker was boarded, commandeered and then returned by Iranian NEDSA marines in a helicopter from the morgue, 3 Nov 2021

· US strikes Iranian rocket launchers in first attack since late July from the morgue, 30 Aug 2026

· An Iranian Navy commander claims on state television that the Iranian Navy forced a U.S. submarine to surface as it transited the Strait of Hormuz and that the submarine violated Iranian territorial w from the morgue, 20 Apr 2023

· Trump Threatens to Rename Strait of Hormuz for Himself as War Pushes Diesel Prices Toward Record High from the morgue, 2 Sep 2026

· Trump floats renaming Strait of Hormuz after himself from the morgue, 2 Sep 2026

· U.S. strikes targets in Iran near Strait of Hormuz as Iran says it is retaliating from the morgue, 1 Sep 2026

· Trump Hammered Over Iran War That Drove Gas Prices Above $4 Per Gallon Every Day in August for First Time Ever from the morgue, 31 Aug 2026

· Price of diesel in U.S. hits record as Vance downplays Iran war impact from the morgue, 4 Sep 2026

· Diesel prices hit record high as wars disrupt supply from the morgue, 4 Sep 2026

· Trump vows response to Iran's retaliatory strikes: 'We're going to hit them hard' from the morgue, 31 Aug 2026

· Trump threatens Iran against retaliation for latest U.S. strikes from the morgue, 1 Sep 2026

· Live updates: US, Iran ramp up strikes; incumbents hold on in Massachusetts from the morgue, 2 Sep 2026

· Trump calls Iran conflict "small potatoes" from the morgue, 7 Sep 2026

· Labor Day gas prices are highest ever for holiday from the morgue, 7 Sep 2026

· How ‘Hypermilers’ Are Trying to Beat High Gas Prices from the morgue, 7 Sep 2026

· Fuel prices at record Labor Day high in US thanks to Iran War and refinery issues from the morgue, 7 Sep 2026

· Oil Prices Rise Slightly After U.S. and Iran Trade Strikes from the morgue, 6 Sep 2026

· USS Lincoln heads home as war with Iran escalates from the morgue, 7 Sep 2026

· Lawler disagrees with Trump on Iran war: 'It is certainly not small potatoes' from the morgue, 6 Sep 2026

· OPEC Plus to Keep Oil Production Steady from the morgue, 6 Sep 2026

· Iran War Has Cost the Average American More Than $1,200 Over Six Months, Economist Estimates from the morgue, 1 Sep 2026

· Trump says military conflict in Iran is 'small potatoes for us' from the morgue, 4 Sep 2026

· Wright: US has 'a lot of leverage' in Venezuela after oil deal reached from the morgue, 6 Sep 2026

· White House unveils new details of Venezuela agreement from the morgue, 1 Sep 2026

· Chris Wright explains how Venezuelan crude will ‘fill’ the Strategic Petroleum Reserve from the morgue, 4 Sep 2026

· Energy Secretary Wright says Venezuela oil deal will bring down gas prices in a year or two from the morgue, 4 Sep 2026

· Chevron to expand in Venezuela, days after the U.S. and Venezuela strike oil deal from the morgue, 2 Sep 2026

· Venezuelan oil flows will lower gas prices in 12-24 months, Wright says in Caracas from the morgue, 2 Sep 2026

· Trump says Venezuelan oil will replenish Strategic Petroleum Reserves from the morgue, 31 Aug 2026

This page is a back-issue: the story as it ran, receipts as they were. The current edition is at the front. The byline is a pen name for a column drafted by a machine and checked by the editor: how this is made.