Energy Secretary Chris Wright says diesel relief starts on Saturday
U.S. Energy Secretary Chris Wright announced that truckers may see relief from high diesel prices starting Saturday following an executive order by President Trump. The order aims to expand access to red-dyed diesel and provide tax relief to combat supply shortages caused by global conflicts.
Why it matters
Addressing diesel costs is critical for logistics and supply chain stability, directly impacting inflation and the cost of goods.
Truckers could begin seeing relief from high diesel prices as soon as Saturday, Chris Wright said, after President Donald Trump signed an executive order aimed at temporarily expanding highway access to red-dyed diesel and providing relief from certain federal diesel-tax penalties and payments. U.S. Energy Secretary Chris Wright joined FOX Business’ Stuart Varney on "Varney & Co." to discuss the administration’s push to bring down diesel prices as tight global supplies continue to squeeze drivers and businesses. Wright said truckers could begin seeing relief by Saturday, five days after Trump signed the order. "The order was signed yesterday, and it's five days for Treasury and the Department of War to find the specific authorizations." Trump’s order directs the Treasury Department to determine within five days whether it can defer certain federal diesel excise-tax payments.
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