Trump Plans to Ease Limits on Tax-Exempt Diesel Variety

Description: President Donald Trump is preparing to ease limits on the use of red dyed diesel, a tax-exempt variety of diesel, to pare costs for the essential fuel ahead of the November midterm elections. #trump #gas #diesel #usa #news

The plan would allow more widespread use of red or dyed diesel, which is generally available for off-road purposes, and could translate into an effective tax break in some cases.

The administration's approach is seen as a bid to address costs for diesel that have surged amid wars in Russia and the Middle East, with retail prices for diesel averaging $6.32 per gallon on Sunday.

Read more: https://www.bloomberg.com/news/articles/2026-10-05/trump-plans-to-ease-limits-on-tax-exempt-variety-of-diesel-fuel

----------
Like this video? Subscribe https://www.youtube.com/@Bloomberg-News

Bloomberg News is the first word in business news. Visit bloomberg.com for the latest on global business, markets and more.
Get unlimited access to Bloomberg.com for $1.99/month for the first 3 months: https://www.bloomberg.com/subscriptions?in_source=YoutubeOriginals

Bloomberg on YouTube:
https://www.youtube.com/@business
https://www.youtube.com/@markets
https://www.youtube.com/@BloombergTechnology
https://www.youtube.com/@BloombergPodcasts

Connect with us on social:
https://www.instagram.com/bloombergbusiness
https://www.linkedin.com/company/bloomberg-news
https://www.tiktok.com/@bloombergbusiness
https://www.facebook.com/bloombergbusiness Close description