The nation’s largest trucking groups said Tuesday that President that of Donald Trump decree aimed at easing diesel prices would do little to increase the availability of the main transportation fuel.
Statements from groups representing both large trucking companies and independent truckers — generally come close Asset allies – cast doubt on the president’s assertions on Monday that this decision would save truckers hundreds of dollars and help reduce the cost of goods across the economy. The high cost of diesel — averaging $6.31 per gallon, about $2.64 more than last year — is weighing on Republicans as they prepare for next month’s elections.
Asset sign the order — aimed at expanding access to tax-exempt tinted diesel, typically limited to off-road use — during a campaign stop Monday in Nebraska, where farmers and truckers have particularly felt the effects of record diesel prices. The order directs the Treasury Department to defer payment of the federal excise tax related to on-highway use of tinted diesel fuel for five days, without interest or penalties, until the end of the year.
The order received praise primarily from state agricultural legislators and a few agricultural groups, even though farmers already had wide access to tinted diesel.
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