Trump Waives Red-Dyed Diesel Rules as $6.32-a-Gallon Prices Squeeze Truckers and Farmers
Updated
Updated · CNN · Oct 6
Trump Waives Red-Dyed Diesel Rules as $6.32-a-Gallon Prices Squeeze Truckers and Farmers
3 articles · Updated · CNN · Oct 6
Summary
A late Monday executive order lets dyed diesel be used on highways and defers the 24.4-cent federal excise tax through year-end, with the White House also exploring ways to erase the deferred tax bill.
Diesel averaged $6.32 a gallon Monday after hitting a record $6.53 on Sept. 22, up from $3.76 before the Iran war as refinery damage and China export curbs tightened global supply.
A trucker buying 250 gallons now pays about $1,575 per fill-up; using untaxed dyed diesel could cut that by roughly $150, while officials push states to waive enforcement and expand supply.
10 states had already moved between Sept. 23 and Oct. 2 to widen highway access to dyed diesel, covering about a third of U.S. diesel sales.
Analysts said the move offers short-term relief but not a full fix because refinery shortages persist and Ukrainian attacks on Russian refineries are expected to continue.