Energy secretary on gas and diesel prices, G7 agreeing to release 100 million barrels of fuel
Headline from KYMA Yuma
Energy Secretary Chris Wright spoke with Margaret Brennan on Face the Nation Sunday about gas and diesel prices, and G7 releasing 100 million barrels of fuel over four months.
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The G7 announcement of a release of 100 million barrels of crude oil and diesel has pressured down middle distillate refinery margins, which had hit record highs last month. The start of stock releases over the next four months and the reduced risk of a U.S.
Energy Secretary Chris Wright spoke with Margaret Brennan on Face the Nation Sunday about gas and diesel prices, and G7 releasing 100 million barrels of fuel over four months.
Diesel prices have soared past $6 a gallon, up around 70% since the Iran war began. Now President Trump says he pushed Europe to act, and the G7 has agreed to release 100 million barrels of oil, including a major diesel release in the first 20 days. —— ▶️ WATCH FULL PODCAST: https://youtube.
Following pressure from U.S. President Donald Trump, G7 leaders announced on Friday a coordinated release of 100 million barrels of emergency oil stocks through the IEA, to begin immediately and be completed over four months. Previously, Trump threatened to ban U.S.
