Policy
Trump's Diesel Tax Order Gives Treasury Until October 10 to Decide Whether It Is Authorized
The executive order defers federal diesel excise taxes and waives penalties for highway use of dyed diesel. The statute it relies on covers disasters and military action, not price spikes.
By Marcus Elrod
Oct 6, 2026 · 2 min read
An executive order signed Monday directs the Treasury Secretary to defer federal diesel excise taxes through the end of the year and to have the Internal Revenue Service waive penalties for putting dyed off-road diesel into highway use. The order also gives Treasury five days to determine whether that relief is actually authorized by statute, a deadline that falls on Saturday, Oct. 10.
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Marcus Elrod
Marcus tracks positioning, flows and rates. He writes CI's weekly market internals column.
Marcus Elrod writes for Corporate Insider Inc.