Trump Expands Tax-Exempt Diesel Access
President Trump signed an executive order to expand access to tax-exempt diesel fuel to lower costs before the midterm elections. The directive defers federal excise taxes for on-road use of dyed diesel through the end of the year.
United States President Donald Trump signed an executive order on Monday afternoon to expand access to tax-exempt diesel, cutting fuel costs ahead of midterm elections. Diesel prices climbed to a record of $6.50 a gallon last month, threatening congressional majorities. High fuel prices stem from ongoing conflicts involving Iran and Russia that disrupted refinery operations.
