
Trump Defers Diesel Tax to Ease Record Fuel Costs Before Midterms
US President Donald Trump signed an executive order on October 5, 2026, deferring federal taxes on red-dyed diesel for use on public roads through December 31. The move aims to lower costs for truckers and farmers as national diesel prices hit record highs. The order waives penalties for using tax-exempt fuel on highways and directs the Treasury to seek ways to eliminate the deferred debt entirely.


