Will Trump’s plan to use red-dyed diesel to lower prices work?

President Trump signed an executive order to lower diesel prices by boosting the use of dyed fuel and suspending some federal gas taxes. The national average price for a gallon of diesel reached $6.30 on Oct. 7, up from $3.68 the previous year. Critics are skeptical the move will significantly lower prices, as it would save truckers less than 25 cents per gallon. President Trump is attempting to lower diesel prices by boosting the use of red-dyed fuel and waiving some federal gas taxes. But critics wonder if the moves will meaningfully lower prices. Trump’s moves, announced in an executive…