Biodiesel tax credit could be saved by border wall deal
Lower diesel prices for truck stop owners and their trucking customers could hinge on the ability of Congress and President Donald Trump to hash out a deal by Friday’s deadline on a new spending bill.
Last year Congress came close, but failed, to pass an extension to the U.S. Department of Energy’s $1/gallon biodiesel tax credit for 2018, which incentivizes diesel fuel retailers to blend biodiesel into their fuel supplies. Absent the government incentive, biodiesel fuel becomes more expensive to sell than diesel, forcing retailers to raise the price for truck drivers and fleet operators.
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Article by : John Gallagher
Source : https://www.freightwaves.com/