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President Trump just signed an executive order that could put hundreds of millions of dollars back into farmers’ pockets by making diesel cheaper.See the full details on the order and the projected savings here⬇️⬇️⬇️
President Trump just signed an executive order that could put hundreds of millions of dollars back into farmers’ pockets by making diesel cheaper.Full story here 👇👇
The order expands access to red-dyed diesel and defers federal excise taxes through the end of 2026, cutting the roughly 24.4-cent-per-gallon federal tax that normally applies to highway diesel.
Agriculture Secretary Brooke Rollins has projected about $640 million in savings for farmers alone, with larger per-fill savings possible where states follow the federal move.
Truckers and other off-road fuel users also stand to benefit while the temporary relief is in effect.
Red-dyed diesel has long been restricted to farm, construction, and other off-road equipment because it is sold tax-free; the new order temporarily waives the off-road limit and related penalties so more buyers can access the lower-priced fuel.
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