Trump Signs Diesel Order

President Donald Trump signed an executive order at a Nebraska rally to expand access to tax-exempt red-dyed diesel. The order directs federal officials to encourage states to broaden access or waive state diesel taxes, while Treasury reviews whether deferred federal taxes can be eliminated. Diesel prices had surged to about $6.32 nationally, squeezing farmers, truckers and businesses that move goods. Fuel supplies have been disrupted by the Iran war and attacks on Russian refineries, while Trump blamed refinery closures in Democratic-led states. Trump said cheaper diesel would lower goods prices, including groceries. The deferral runs through year-end, but the final tax treatment remains unresolved.