Trump’s red-dye diesel tax waiver could have limited impact on prices – here’s why

5 days ago 4

Rommie Analytics

President Trump’s executive order allowing a more widespread use of tax-exempt red-dye diesel is meant to lower the cost burden on Americans – but it may not help prices at the pump much, according to experts. Long-haul drivers could save a substantial amount of money using the cheaper fuel, potentially passing those savings along to groceries – but there are several roadblocks standing in the way. Patrick De Haan, head of petroleum analysis at GasBuddy, estimated that few truckers – perhaps just one in 100 – will actually be able to take advantage of the tax-exempt fuel because it’s not...
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