US Weighs Suspending Fuel Tax to Address Soaring Diesel Prices

Deep News09-26 20:40

According to sources cited by Bloomberg, officials in the Trump administration are exploring a range of measures to address soaring diesel prices, including suspending the fuel tax and lifting restrictions on the sale of dyed diesel.

Senior figures including Vice President Vance, Energy Secretary Wright, Interior Secretary Burgum, and Treasury Secretary Bessent have all taken part in the related discussions.

US diesel prices have remained elevated at $6.50 per gallon, and Trump's earlier proposal this week to suspend exports instead pushed diesel futures prices higher, triggering strong opposition from the industry.

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