In a significant move aimed at alleviating economic pressures, President Donald Trump has signed an executive order allowing tax-free red-dyed diesel to be used on highways. ㅤ This temporary measure is expected to provide much-needed relief to truckers and farmers, as diesel prices have surged past $6 per gallon. During a rally in Nebraska, President Trump emphasized that this decision would help lower the cost of goods, including groceries, by reducing transportation expenses. ㅤ Normally reserved for off-road uses, red-dyed diesel will now be available for highway use without the usual federal excise taxes, which could translate to savings at the pump. The Treasury has been directed to defer these taxes without penalties until the end of the year and is exploring ways to eliminate the deferred obligations. ㅤ With diesel prices reaching record highs, this executive action aims to provide immediate financial reprieve and stabilize the market. ㅤ As a result, consumers may see a decrease ...