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.
Kansas Gov. Laura Kelly said the order is "another poorly thought out, election year gimmick that will not truly lower diesel ...
Truck stops were warned by industry groups against selling red-dyed diesel, saying there is “limited upside” to its sale ...
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.
President Trump signed an executive order temporarily lifting the long-standing ban on running red-dyed diesel—the untaxed, ...
Easing limits on red-dyed diesel will likely have a minimal effect for small truckers, who pay for fuel up front, said Todd ...
Some farmers are worried about expanding their use of red-dyed diesel, saying the dye could linger in fuel tanks and expose ...
So far, nobody in the trucking market is racing to embrace the tax break from using red dye diesel. The post Red dye diesel break is being greeted with a big yawn appeared first on FreightWaves.
Red dyed diesel fuel is typically reserved for farm equipment and meant to for use off-road, or off of highways. Often ...
Fuel and transportation industry leaders say that using red dye diesel to save money in the short term may not be worth the ...