diesel News Updates

Gov. Mikie Sherrill says such imports would violate federal law and noted at least one tanker carrying the fuel may be headed for the state.

Governors across the country are temporarily easing dyed diesel restrictions and suspending fuel taxes as diesel prices remain elevated over year-ago levels.

Trump had pledged to lower gasoline prices to below $2 a gallon, but almost two years into his presidency the fuel’s retail cost has averaged $3.47 a gallon.

The suspension of Georgia’s current per-gallon motor fuel excise tax of 37.3 cents for diesel and 33.3 cents for gasoline extends through Nov. 30.

The IRS announced Oct. 14 that no penalties would be imposed on dyed diesel sold and used to drive on highways nationwide from Oct. 1 through Dec. 31.

In a phone call with Trump earlier this month, Putin agreed to relax diesel-export restrictions and send more fuel to the global market, including the U.S.

The Energy Department plans to loan 315,000 barrels from the 1 million-barrel Northeast Home Heating Oil Reserve, according to a statement Oct. 21. 

The one-time aid payments will be based on planted acres, as well as estimates of production costs and forecasts of yields and prices provided by the USDA.

The Trump administration is authorizing the sale of sanctioned oil tankers in an effort to allow the vessels to start legitimately shipping crude.

As the next president of ATRI, he sees opportunities to connect more businesses with the nonprofit’s research and build partnerships across the industry.