Texas just made a pocketbook move: dyed diesel, the red-tinted fuel that skips the motor-fuels tax and is normally restricted to tractors and other off-road work, can now be used by farmers and truckers on public highways. The proclamation also lets carriers haul heavier loads of fuel, crops, and timber during this period.
"Record prices put both industries at risk and raise costs for every Texas family," Abbott said. "These steps cut costs on the farm, on the road, and at the store." Freight, farm machinery, and industry all rely on diesel, a market unsettled by shipping trouble in the Strait of Hormuz and attacks by Ukraine on Russian refineries. In the U.S., retail prices have set a new peak, with the average around $6.44 a gallon.
President Donald Trump said over the weekend that he is still looking "very seriously" at an export ban on U.S. fuels. Analysts caution that stopping exports could turbocharge prices abroad, particularly in Europe. Abbott's Monday proclamation also pauses the Texas Low Emission Diesel rules to the extent the EPA allows.
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Cheaper fuel for Texas farms and trucks could trim some day-to-day costs, from produce to deliveries, even as global pressures keep a floor under prices. If you have exposure to Texas agriculture or local transport, watch how lower input costs meet a still tight global diesel backdrop.
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