One unexpected price surge most Americans don’t see is raising the stakes for Trump before November
This material may not be published, broadcast, rewritten, or redistributed. ©2026 FOX News Network, LLC. All rights reserved. Quotes displayed in real-time or delayed by at least 15 minutes. Market data provided by Factset. Powered and implemented by FactSet Digital Solutions. Legal Statement. Mutual Fund and ETF data provided by LSEG. Builders largely dodged the tariff-driven material spikes many feared, National Association of Home Builders CEO Jim Tobin says rising diesel fuel costs are now putting fresh pressure on construction crews and the overall price of building homes. The fuel most Americans rarely think about is becoming a new hurdle for President Donald Trump’s push to make housing more affordable, as the Iran war raises costs for construction sites. With the midterm elections approaching, the diesel surge underscores the political tension facing Trump and congressional Republicans as they promise to bring down housing costs while war-driven energy prices add new pressure to home construction. Builders are already wrestling with expensive financing, labor, materials and costs tied to regulations and permitting that Republicans have pledged to reduce. Because diesel powe
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