U.S. TAPS EMERGENCY DIESEL RESERVE AS PRICES HIT $6.32The Trump administration will release 315,000 barrels from the Nor | Hanami
U.S. TAPS EMERGENCY DIESEL RESERVE AS PRICES HIT $6.32
The Trump administration will release 315,000 barrels from the Northeast's 1 million-barrel heating oil reserve as diesel prices surge ahead of the midterm elections.
Diesel now averages $6.32 per gallon, according to AAA, amid disruptions linked to the Iran war.
Deliveries are expected by November 13.
The key takeaway: Washington is tapping emergency fuel supplies to ease pressure from soaring energy costs.