Trump’s red-dyed diesel order sounds like a tax cut. Economists say it’s a 24-cent IOU that could raise prices for farmers

If you’d never heard of red-dyed diesel before it suddenly entered the news cycle this week, you’re not alone. Even President Donald Trump said he was unfamiliar with the fuel at a campaign rally in Grand Island, Neb., on Monday, Oct. 5. “I don’t know what the hell it is, but whatever it is, it’s supposed to be very good,” he told the crowd. Moments later, Trump signed an executive order onstage that temporarily allows red-dyed diesel on public roads…