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Verified brief

Verified brief — 15 October 2026

The IRS waives federal dyed-diesel highway penalties through year-end under EO 14435, while 7508A tax-deferral guidance is still promised. U.S. and EU pump averages move on the week. Afternoon: EPA proposes loading 770 million extra refinery-exemption RINs onto 2026–27 fuel standards, and Brussels proposes a one-year delay to methane rules for energy importers. Automatic EAD extensions stay ended; the Alberta Impact Assessment reference and Ottawa’s jammer proposal remain live files.

Published

  1. Item 1

    IRS IR-2026-122 (14 October): no federal penalty when dyed diesel is sold for or used on U.S. highways, retroactive to 1 October through 31 December 2026. Fuel-tank inspections for on-road dyed fuel are suspended in that window. The relief is federal-only; state fuel taxes are unaffected.

    Read the article →IR-2026-122; EO 14435
  2. Item 2

    The same IRS release says it anticipates further guidance on postponing backup diesel taxes under 26 U.S.C. 7508A (4041(a)(1)(A) / 4041(b)(1)(B)) and will explore eliminating deferred amounts. That postponement is not issued in IR-2026-122. Clear diesel’s terminal tax under section 4081 is unchanged.

  3. Item 3

    EIA week of 12 October (released 14 October): U.S. on-highway diesel $6.179/gal (−$0.020 WoW); regular gasoline (all formulations) $4.331/gal (−$0.023). Third weekly diesel drop from the 21 September $6.529 peak.

  4. Item 4

    EC Weekly Oil Bulletin n°2329, prices at 12 October: EU-27 weighted diesel €2.136/L (−0.6% WoW) and Euro-super 95 €2.010/L (+0.2% WoW).

    EC Oil Bulletin weighted EUR27
  5. Item 5

    Afternoon: EPA proposes reallocating an extra 770 million RINs from 2025 small refinery exemptions onto the 2026–27 Renewable Fuel Standard, split across both years or all in 2027. EPA puts the added pump cost under one cent a gallon. Comments close 4 December; hearing 4 November.

    Read the article →FR Doc. 2026-21155 (public inspection; publishes 16 Oct)
  6. Item 6

    Afternoon: the European Commission proposes a one-year delay to EU Methane Regulation obligations for oil, gas and coal importers, plus methane-intensity reporting and limits, citing the Hormuz supply shock. COM(2026) 569 needs Parliament and Council approval; 1 January 2027 stands until then.

    Read the article →COM(2026) 569; IP/26/2119
  7. Item 7

    USCIS final rule ending automatic EAD extensions (91 FR 65306) remains in force from 14 October. Renewals filed on or after 30 October 2025 in covered categories do not keep work legal past the old card’s expiry while a decision is pending.

  8. Item 8

    DHS/EOIR civil-penalties final rule (91 FR 65390) is effective: ICE and CBP keep the fast-track fine process; the only change from the June 2025 interim rule is late appeals for documented mail delays.

  9. Item 9

    BIS “U.S. content” guidance (91 FR 65162) applies to entries from 12:01 a.m. ET 14 October for USMCA-qualifying Canadian and Mexican Annex I-C goods under Proclamation 11032.

  10. Item 10

    EPA extended the Greenhouse Gas Reporting Program deadline for reporting year 2025 to 10 March 2027 (91 FR 65112); comments on the extension close 30 November.

  11. Item 11

    Canada Gazette Part I jammer exemption order for 27 scheduled police services remains a proposal; comments still open about 9 November. It is not yet in force.

    Read the article →Canada Gazette I, 10 Oct
  12. Item 12

    Alberta Court of Appeal 2026 ABCA 320 (9 October): 4–1 reference opinion that the amended Impact Assessment Act’s designated-projects scheme remains unconstitutional except for federal undertakings. Advisory; the Act stays in force pending Ottawa’s next step.

  13. Item 13

    OFAC General License 135 still authorizes Russian-origin diesel imports into the U.S. through 7 April 2027; no OFAC change in this window.

  14. Item 14

    SCOTUS application 26A416 (Kingdom / BOP gender-dysphoria policy): response and SG reply are on the docket; no order as of this morning.

    Read the article →SCOTUS docket 26A416
  15. Item 15

    Clocks ahead: Alberta referendum 19 October; House midnight sitting with C-38 from 6:30 p.m.; C-31 ministers at FINA 19–20 October; S-210 vote 21 October; C-31 amendments due noon 22 October; B.C. election 24 October.

    Projected Order / Elections Alberta / Elections BC