Biden officials eyeing diesel stockpile to ease shortage

Summary by Ground News

President Joe Biden is mulling taking action to release federal diesel stockpiles in an attempt to curb the worsening supply shortage of the key fuel in New England. Biden recently asked officials to begin preparing a plan to order a release of fuel from the Northeast Home Heating Oil Reserve. The average price of diesel fuel, which is vital for transportation, construction and agriculture, skyrocketed to an all-time high of $5.58 a gallon on Wednesday.

1 month ago·Washington, United States

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CNN

White House explores tapping emergency diesel reserve to ease price spike

The White House is considering an emergency declaration that would enable President Joe Biden to release diesel from a rarely used stockpile in a bid to address a major supply crunch, a senior White House official told CNN.

1 month ago·Atlanta, United States

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IBTimes

White House Weighs Use Of Emergency Diesel Reserve To Ease Supply Crunch

The White House is weighing an emergency declaration to release diesel from a rarely used stockpile in a bid to address a major supply crunch and blunt rising prices, an administration official said on Monday. U.S. President Joe Biden has declared that tackling inflation and high gas prices is the priority of his administration ahead of congressional elections in November. Republicans seeking to regain control of Congress have used the surge in …

1 month ago·United States

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The Hill

Biden officials eyeing diesel stockpile to ease shortage

The Biden administration is in talks to tap to into a federal diesel reserve to address energy shortfalls, an official with knowledge of the matter confirmed to The Hill on Monday. An interagency …

1 month ago·Washington, United States

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KRDO

First on CNN: White House explores tapping emergency diesel reserve to ease price spike

By Matt Egan, CNNThe White House is considering an emergency declaration that would enable President Joe Biden to release diesel from a rarely used stockpile in a bid to address a major supply crunch, a senior White House official told CNN.The deliberations about tapping the Northeast Home Heating Oil Reserve underscore the level of concern inside the White House about record-high prices for diesel.Diesel is a vital fuel for the US economy, powe…

1 month ago

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Financial Post

White House considers tapping emergency diesel reserve to ease supply crunch

TOKYO -- The White House is weighing an emergency declaration to release diesel from a rarely used stockpile in a bid to address a major supply crunch and blunt rising prices, an administration official said on Monday. Read More

1 month ago·Canada

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The Daily Caller

Biden Considers Draining Yet Another Key Emergency Fuel Stockpile: REPORT

President Joe Biden is mulling releasing diesel stockpiles and attempt to curb the worsening supply shortage of the key fuel in New England, CNN reported.

1 month ago·Washington, United States

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