Tom Kloza, chief energy advisor for Gulf Oil, said that it is unlikely President Trump's proposed easing of limits on tax-exempt 'red-dyed diesel' will do much to bring down the price of diesel and that the only thing that will meaningfully impact high prices is an end to ongoing conflicts in Russia and the MidEast. (Source: Bloomberg)
Tom Kloza, chief energy advisor for Gulf Oil, said that it is unlikely President Trump's proposed easing of limits on tax-exempt 'red-dyed diesel' will do much to bring down the price of diesel and that the only thing that will meaningfully impact high prices is an end to ongoing conflicts in Russia and the MidEast. (Source: Bloomberg)
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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.
