Truck Stops Warn on Trump’s Red-Dye Diesel Order as Diesel Hits $6.32 a Gallon
Updated
Updated · Yahoo! Voices · Oct 7
Truck Stops Warn on Trump’s Red-Dye Diesel Order as Diesel Hits $6.32 a Gallon
3 articles · Updated · Yahoo! Voices · Oct 7
Summary
Truck-stop and fuel-marketer groups told members Tuesday to proceed cautiously after Trump’s order encouraged highway use of tax-exempt red-dye diesel to ease fuel costs before the Nov. 3 midterms.
The order defers some diesel tax payment obligations and penalties but does not waive the federal tax, leaving key questions to Treasury and IRS guidance that has not yet been issued.
Industry groups said EPA and state restrictions still apply, residual dye can contaminate tanks and fuel systems, and the legal and customer risks outweigh any temporary savings.
The White House said truckers could save more than $100 per fill-up, but independent long-haul truckers called the benefit minimal and urged broader market stability instead.
Diesel has jumped nearly 70% to $6.32 a gallon since the Iran war began, while Russian export curbs and refinery strikes have added to pressure; Brent crude topped $101.