U.S. pressures European allies to release diesel reserves as Trump considers export ban
The Trump administration ramped up a pressure campaign Thursday to convince European allies to release diesel from national emergency stockpiles. The White House says additional diesel from Europe would increase global supplies and potentially keep a lid on soaring prices.
The average U.S. price of diesel has soared by 70% since the war with Iran began, hitting $6.38 per gallon Thursday, according to AAA.
Less than five weeks before the U.S. midterm elections, Republicans are eager for any way to lower domestic fuel prices.
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