The executive order only defers a 24.4-cent federal tax on $6.20-a-gallon diesel, and it adds no new supply.
Experts say the new executive order will have a limited impact on farmers and truckers who rely on diesel.
President Trump signed an executive order temporarily lifting the long-standing ban on running red-dyed diesel—the untaxed, ...
Gov. Andy Beshear has declared a state of emergency for Thursday, Oct. 8, that will allow Kentucky farmers and truckers to ...
President Trump is attempting to lower diesel prices by boosting the use of red-dyed fuel and waiving some federal gas taxes. But critics wonder if the moves will meaningfully lower prices.
Truck stops were warned by industry groups against selling red-dyed diesel, saying there is “limited upside” to its sale ...
Truck stops nationwide were warned to “proceed with caution” by a major industry group after President Trump signed an order promoting red dye diesel fuel.
The special fuel has the same exact chemical composition as diesel fuel, but it’s dyed red to denote its tax-exempt status ...
President Donald Trump signed an executive order earlier this week waiving restrictions on cheaper red-dyed diesel in an ...
Trump’s executive order allows the on-road use of red-dye diesel with state approval, but experts warn it doesn’t necessarily eliminate taxes.
A White House bid to address sky high fuel prices by allowing temporary expanded use of untaxed diesel will have a limited ...