
The USDA says 31 states have issued orders matching a federal waiver that allows off-road red-dyed diesel to be used on highways, and it is urging the remaining 19 to join. The IRS waived the federal dyed-diesel penalty from Oct.
1 through Dec. 31, 2026, applying to federal tax only.
The waiver lowers effective highway diesel costs in participating states, easing pressure on fuel prices for hauling feed and grain.
After 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.