Trump Plans Order to Cut $6.32 Diesel as Export Ban Is Ruled Out
Updated
Updated · POLITICO · Oct 5
Trump Plans Order to Cut $6.32 Diesel as Export Ban Is Ruled Out
3 articles · Updated · POLITICO · Oct 5
Summary
Average U.S. diesel fell to $6.32 a gallon on Monday, but Trump is preparing an executive order aimed at lowering costs further after rejecting a broader export ban.
Dyed diesel is the leading option under discussion, and GasBuddy estimates wider federal access could save on-road users about 60 cents a gallon.
That step would do little for farmers and construction operators, who already use tax-exempt dyed diesel; analysts say supply, not taxes, is driving record prices.
Ten states covering roughly a third of U.S. diesel sales had already expanded dyed-diesel use by Friday, helping push prices down 13 cents week over week, though they remain $2.63 above a year ago.
U.S. diesel exports have climbed to record levels since the February war with Iran and Ukrainian strikes on Russian refineries tightened global supply, intensifying pressure on domestic prices.