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Federal and state governments issued fuel tax relief for areas hit by Hurricane Helene, including IRS dyed diesel penalty waivers from September 26 to October 15, 2024. Alabama also suspended its motor fuel excise tax and IFTA registration requirements.
Temporary tax and licensing waivers ease the movement of diesel into storm-hit Southeastern markets, supporting local supply and limiting regional fuel price spikes.
weaver.comLeanne SobelOct 2, 2024After 21 past bearish policy events, ULSD / Diesel moved a median -2.4% over 5 sessions (38% higher; middle half -6.5% to +4.7%), and -1.1% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
