Trump allows tax-exempt diesel for all

Trump signs an executive order allowing Americans to use red-dyed diesel, a tax-exempt fuel typically used for agricultural equipment and infrastructure, in an effort to reduce fuel costs in the U.S. market. This comes amid rising diesel prices that have surpassed $6 per gallon, due to the Russian-Ukrainian war and a global refining capacity shortage, with no explicit reference to Iran. Trump’s move comes just weeks before the midterm elections and indicates attempts to lower prices and bolster economic preparedness.