Trump signs executive order aimed at lowering diesel prices
The order could save truckers more than $100 per fill-up and lower costs for farmers and other diesel users, the administration said.
- 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.
86 Articles
86 Articles
U.S. President Donald Trump, whose popularity rating suffers from pump prices, signed on Monday a decree to allow all Americans to buy "tax-free red diesel". The text is in fact limited to postponing the payment of the tax on this diesel oil normally reserved for agricultural machinery.
Trump signs executive order mid-rally allowing drivers to use ‘tax-free red-dye diesel’ to lower fuel costs
President Trump signed an executive order Monday waiving restrictions on the use of tax-exempt red-dye diesel, which he said will ease the pain at the pump for truckers and lower the cost of groceries nationwide.
Trump moves to cut diesel costs with order on tax-free fuel
WASHINGTON: US President Donald Trump on Monday (Oct 5) signed an executive order allowing drivers to use tax-exempt red-dyed diesel, a fuel normally reserved for farm machinery and other off-road equipment, on public roads.The move came as surging pump prices tied to the Iran war weighed on Trump's Republica
US President Donald Trump has signed an executive order allowing the purchase of tax-free diesel fuel The post Tax-free diesel for all announced by Trump in the middle of the election season appeared first on in.gr.
President Donald Trump signed an executive order on Monday evening to lower near-record diesel prices, giving up restrictions on cheaper diesel, CNN reports.
kioncentralcoast.com
KESQBy Matt Egan, CNN President Donald Trump signed a last-minute decree this Monday aimed at reducing diesel prices, which are close to record levels, by removing restrictions on red diesel, which is cheaper. During a campaign event in Nebraska—hardly stated
Coverage Details
Bias Distribution
- 57% of the sources are Center
Factuality
To view factuality data please Upgrade to Premium
