President Trump signed an Executive Order today to temporarily allow off-road “dyed” diesel for highway use and defer the applicable Federal excise tax, aiming to lower costs for Americans. The order directs the Treasury Secretary to defer federal excise tax payments for on-road use of dyed diesel for the remainder of the year without interest or penalties, and to explore pathways to eliminate the obligation to pay deferred taxes. It also instructs the Transportation Secretary to coordinate with states and industry on access to dyed diesel, and the Agriculture Secretary to ensure farmers' access in high-demand areas. This action is expected to save truckers over $100 per refill, addressing fuel affordability amid global supply issues driven by the Russia-Ukraine war and refining capacity shortages. The White House highlighted previous efforts, including a record oil deal with Venezuela in August 2026 and a successful negotiation with Europe in October 2026 to release 100 million barrels of refined diesel from strategic reserves within four months.