President Trump Takes Decisive Action to Lower Diesel Costs for American Truckers, Farmers
Tonight, President Donald J. Trump signed an Executive Order to immediately cut diesel costs for the truckers and farmers who keep America moving. The order temporarily opens highway use of tax-free dyed diesel, deferring the federal diesel tax on that fuel through the end of the year — no interest, no penalties. With elevated diesel […] The post President Trump Takes Decisive Action to Lower Diesel Costs for American Truckers, Farmers appeared first on The White House.
Overview
News
Tonight, President Donald J. Trump signed an Executive Order to immediately cut diesel costs for the truckers and farmers who keep America moving. The order temporarily opens highway use of tax-free dyed diesel, deferring the federal diesel tax on that fuel through the end of the year — no interest, no penalties.
With elevated diesel prices and tightened global supply driven by the Russia-Ukraine war and a lack of refining capacity around the world, this is President Trump’s affordability agenda in action.
Details
The federal diesel tax is 24.4 cents per gallon, or about $60 on a 250-gallon fill. Where states match this federal action, savings will top $100 per fill — a real difference for the hardworking Americans who haul the freight and grow the food.
Click here to view the White House fact sheet.
The post President Trump Takes Decisive Action to Lower Diesel Costs for American Truckers, Farmers appeared first on The White House.
Source
Originally published at www.whitehouse.gov.
