Trump Allows Dyed Diesel on the Road: How Could It Affect Gas Prices
The executive order "sounds big," a petroleum analyst said, but "most drivers won't benefit" from it.
President Donald Trump has signed an executive order allowing the use of tax-free dyed diesel on the road until the end of the year, with the aim of reducing soaring gas and diesel prices ahead of the midterms. However, analysts remain skeptical about the impact this temporary expanded use of dyed diesel, also known as red diesel, will have on all American drivers.
While the order may not significantly increase supply or truly make the fuel tax-free, as states still enforce their own rules, it is unlikely to bring about the dramatic price reductions that some were hoping for.
Brief written by urgent.news from Newsweek's own syndicated text. Machine-written — may contain errors; check the original before relying on it.
