The Trump administration is urging European countries to urgently release some of their diesel reserves, saying U.S. farmers, truckers and businesses should not be left carrying the burden of global supply disruptions. Average U.S. diesel prices surged to a record high of $6.50 per gallon late last month, according to AAA, up sharply amid supply disruptions fueled by the Iran war and Russia’s full-scale invasion of Ukraine. The U.S. supplied around half of the European Union’s diesel imports in August, according to the International Energy Agency. EU member states are scheduled to hold crisis talks on Friday to develop a coordinated response to soaring diesel prices.
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