President Donald Trump signed an executive order on Monday night to temporarily ease restrictions on red-dyed off-road diesel. Announced in Nebraska, the order waives the off-road requirement for the fuel, which is exempt from the federal highway tax, effectively allowing anyone to purchase the tax-exempt variety.
The move is intended to help bring down sky-high diesel prices and pare costs for the essential fuel. Trump stated that the executive order would lower the cost of goods and save farmers millions of dollars.
This action comes as fuel prices put pressure on Republican candidates ahead of the November midterm elections. However, analysts said the change would not benefit farmers already using tax-exempt fuel.