1 of 1
Story summary
- President Donald Trump will sign an executive order on Oct. 6 to lower diesel prices.
- The order will expand red-dye diesel tax exemption for agriculture and off-road vehicles.
- It will direct the DOT to waive on-road diesel taxes with participating states.
- Trump has ruled out imposing a diesel export ban.
- G7 announced 100 million-barrel diesel release after Trump’s pressure, while prices hit $6.50-a-gallon record, endangering Nov. 3 election.
