Trump Signs Executive Order Allowing On-Road Use of Tax-Exempt Diesel

Jiji Press··USIR·Read original
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Summary · why it matters

U.S. President Trump signed an executive order on the 5th centered on deregulation to permit the on-road use of tax-exempt diesel, which had been restricted to uses such as agricultural machinery. The aim is to bring down persistently high diesel prices amid the prolonged U.S.-Iran conflict. With the midterm elections coming next month on the 3rd and inflation measures set to be a key issue, the move seeks to curb logistics costs.

Impact on assets 1

Others▼
⛏Heating Oil Futures
HEATOIL
▼ NegativeRegulationrelevance

Executive order permits on-road use of tax-exempt diesel, loosening restrictions and pressuring heating oil/diesel prices.