Trump Could Ease Restrictions on a Variety of Diesel
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Well, it has the potential to, though we should caveat that, one, president Trump hasn't actually taken any action yet. According to our reporting, he's considering this, and the details so far are are pretty, scant. So we do need a little bit more to fully, flesh out how much this really will have an impact. But as you outlined, this is tax exempt diesel, so that could mean that more buyers of diesel don't have to pay a federal excise tax that lands just above 24¢ per gallon. It's very clear that the Trump administration is trying to take additional moves to help curb prices as Republicans continue to face political headwinds related to higher costs punctuated by diesel in particular. $6.32 a gallon today is the national average for a gallon of diesel. That's about 20¢ lower than the high that was set in mid September, but still well above prewar levels. You did outline that this is actually dyed diesel, and that allows inspectors to go in and check fuel tanks for tax purposes. And those penalties, if you aren't authorized to have this dyed diesel, actually do run pretty high for consumers. So there is this potential here that it could make an impact. But, Joe, to your your point about where the president is headed today, Nebraska, we know that higher diesel prices are hitting rural and red states particularly hard, and we are expecting him to unveil this probably in tangent with his appearance later tonight.


