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US States Implement Fuel Tax Suspensions and Regulatory Waivers to Curb Surging Prices

Multiple US states are easing fuel standards, suspending fuel taxes, and lifting restrictions on off-road diesel to curb soaring retail gasoline and diesel prices. The regulatory interventions come as US diesel prices hit a record $6.53 per gallon according to AAA data, driven by depleted global inventories and geopolitical supply disruptions. States including Alabama, Oklahoma, and Texas have temporarily allowed the highway use of red-dyed diesel for up to 120 days. Additionally, California and Michigan expedited sales of cheaper winter-blend gasoline, while states such as Georgia, Indiana, and Ohio enacted temporary fuel tax holidays.

Category

UK Brent Oil

Sentiment

Neutral

Event

Regulation legal

Reading time

1 min