Trump Allows Use of Red-Dyed Diesel to Reduce Fuel Costs
· Telemundo McAllen (KTLM)
President Donald Trump signed an executive order on Monday allowing the purchase of red-dyed diesel, which is tax-exempt, to help lower high diesel prices. This order permits the use of red-dyed diesel on roads, a practice typically restricted, and will be in effect from October 5 until December 31, 2026. Diesel prices have surged due to the ongoing conflict in Iran, with red-dyed diesel being cheaper because it is exempt from federal and state taxes. Trump stated that truckers could save over $100 per tank fill-up, impacting the prices of goods, including food. The order aims to expand access to tax-exempt diesel and encourages states to suspend their diesel taxes.
AI summary · Source: Telemundo McAllen (KTLM) →
