President Donald Trump is preparing to ease limits restricting the use of a tax-exempt variety of diesel, his latest bid to pare costs for the essential fuel ahead of the November midterm elections. The Trump administration is expected to unveil the plan targeting so-called dyed red diesel on Monday, according to people familiar with the matter, who asked not to be named before a public announcement. Full details of the move were not immediately available. The Trump administration plan effectively would allow more widespread use of red or dyed diesel, which is generally available for off-road purposes, such as in farm equipment. Because red diesel is exempt from the federal excise tax of 24 cents per gallon, any move to enable its use more widely — including in on-road vehicles — is expected to translate into a swift reduction in retail prices. #oott https://www.bloomberg.com/news/articles/2026-10-05/trump-plans-to-ease-limits-on-tax-exempt-variety-of-diesel-fuel