Trump signs executive order aimed at lowering diesel prices
- On Monday, President Donald Trump signed an executive order waiving restrictions on untaxed red-dyed diesel, allowing truckers and consumers to purchase the fuel on-road to reduce costs.
- Diesel prices have skyrocketed about 77% this year, prompting 10 states including Texas, Oklahoma, and Alabama to boost access to dyed diesel for highway vehicles between September 23 and October 2.
- Truckers filling 250-gallon tanks pay about $1,575 per fill-up, but could save about $150 by avoiding the 24.4 cents federal and 35.5 cents state taxes normally applied to on-road diesel.
- Trump claimed the order will "allow anyone to purchase tax-free red-dyed diesel for any reason" to lower grocery costs; Patrick De Haan, head of petroleum analysis at GasBuddy, cautioned that logistical hurdles limit effectiveness.
58 Articles
58 Articles
In the face of record-breaking pump prices in the United States, the president announced on Monday the opening of red diesel, tax-free and usually reserved for agricultural vehicles, to all motorists, although the decree is in fact limited to postponing the payment of the taxDonald Trump signed on Monday a decree authorizing anyone to buy tax-free diesel, normally reserved for agricultural machines and other non-road vehicles. Speaking at a rall…
Order 'to officially waive the off-road requirement and allow anyone to purchase tax-free red-dye diesel for any reason,' says US president
Trump signs order to ease diesel costs, ‘save millions of dollars’ for farmers
In response to rising diesel prices, US President Donald Trump has enacted an executive order designed to alleviate financial pressures across multiple sectors. This order is anticipated to substantially cut fuel costs for farmers and truck drivers, ultimately contributing to lower grocery prices. Additionally, it urges states to expand access to tax-free red-dyed diesel and consider lifting specific fuel taxes.
US President Donald Trump has signed an executive order allowing all Americans to buy tax-free diesel fuel. He signed the document on stage during a campaign rally in Grand Island, Nebraska. The so-called red diesel is a fuel that is usually intended for agricultural machinery and other off-road vehicles. The red color indicates that the diesel is sold with tax breaks. “I don’t know what it is, but it doesn’t matter, I guess it’s very good,” Tru…
US President Donald Trump issued an executive order on Monday making it possible for everyone in the United States to purchase tax-free, red-colored diesel. That fuel is normally intended for agricultural machinery and other equipment that does not operate on public roads.
BT
At an election rally, Trump signed a decree on red-colored diesel, which is usually reserved for agricultural machinery.
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