Trump poised to ease red diesel limits in attempt to quell fuel inflation

President Trump is expected to announce the easing of limits on tax-exempt red-dyed diesel during a visit to Nebraska to address fuel inflation. While the move aims to lower costs, Gulf Oil chief energy advisor Tom Kloza suggests it is unlikely to significantly reduce diesel prices. According to Kloza, meaningful price reductions will only occur if ongoing conflicts in Russia and the MidEast conclude, rather than through changes to tax-exempt fuel regulations.