# Congress returns Monday with a diesel tax holiday and highway bill pending

> U.S. lawmakers are set to return on November 9 with a possible federal fuel-tax suspension and a highway funding bill under consideration. A diesel tax holiday would require congressional approval and could save up to 24.4 cents per gallon, while a five-month suspension is estimated to reduce Highway Trust Fund revenue by about $17 billion.

- Date: 2026-11-08 · published 2026-11-08T12:08:30.978Z
- Category: policy · region US · magnitude low
- Page: https://feedsoft.ai/events/87403-congress-returns-monday-with-a-diesel-tax-holiday-and-highway-bill-pending
- Commodities: [ULSD / Diesel](https://feedsoft.ai/c/DIESEL.md)

## Why it matters

A tax suspension could temporarily lower diesel costs for carriers and other fuel users, although pump savings are uncertain and no measure has been approved. The policy could also constrain highway funding.

## Read by commodity

- DIESEL: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DIESEL | 2026-03-23 | [U.S. to bring more diesel to market to address fuel prices: Wright](https://feedsoft.ai/events/20339-u-s-to-bring-more-diesel-to-market-to-address-fuel-prices-wright.md) | -2.4% | -23.4% |
| DIESEL | 2026-09-30 | [Explainer-What is red-dyed diesel and can it help lower prices, as Trump wants? By Reuters](https://feedsoft.ai/events/17660-explainer-what-is-red-dyed-diesel-and-can-it-help-lower-prices-as-trump-wants.md) | -6.2% | -4.4% |
| DIESEL | 2023-10-06 | [Explainer: Russia lifts diesel export ban; what happens next?](https://feedsoft.ai/events/11715-explainer-russia-lifts-diesel-export-ban-what-happens-next.md) | +5.9% | +5.6% |
| DIESEL | 2021-11-24 | [Reserve oil being released into market that may have peaked - FreightWaves](https://feedsoft.ai/events/7076-reserve-oil-being-released-into-market-that-may-have-peaked-freightwaves.md) | -13.2% | -3.3% |
| DIESEL | 2021-11-24 | [Explainer: What is happening with U.S. gasoline prices? \| Reuters](https://feedsoft.ai/events/7078-explainer-what-is-happening-with-u-s-gasoline-prices-reuters.md) | -13.2% | -3.3% |

## Sources

- otrnews.com: https://otrnews.com/news/congress-returns-monday-with-a-diesel-tax-holiday-and-highwa/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.