Rising US Diesel Prices and the Trump Administration's Response
- 1The national average diesel price recorded approximately $6.277 per gallon, representing a 71% increase compared to last year.
- 2President Donald Trump signed an executive order to defer the federal tax of 24 cents per gallon of diesel until the end of the year.
- 3President Donald Trump stated that he reached an agreement with Vladimir Putin to secure diesel from Russia.
So what's the key point?
Diesel prices in the US have risen by 71 percent compared to last year. President Trump has decided to delay taxes and bring in fuel from Russia.
Source Fortune · View original ↗
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