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Trump Administration Releases Millions of Barrels to Combat Diesel Prices

3/24/2026

37 5 Full Breakdown

Summary

Story summary

U.S. President Donald Trump's administration seeks to raise diesel supply as prices reach $5.29 per gallon.
Energy Secretary Chris Wright says the United States will release 1–1.5 million barrels per day from the Strategic Petroleum Reserve.
He says limiting diesel exports would be counterproductive.
Oil prices have risen about 30% since the U.S. and Israel attacked Iran on February 28, and fell after Trump announced talks with Iran.

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Story summary

U.S. President Donald Trump's administration seeks to raise diesel supply as prices reach $5.29 per gallon.
Energy Secretary Chris Wright says the United States will release 1–1.5 million barrels per day from the Strategic Petroleum Reserve.
He says limiting diesel exports would be counterproductive.
Oil prices have risen about 30% since the U.S. and Israel attacked Iran on February 28, and fell after Trump announced talks with Iran.