President Trump said on Friday that Europe will release diesel from its stockpile, something the U.S. administration had been pushing for as diesel prices have skyrocketed in recent weeks. "Europe has just agreed to release a massive amount of their heavily stocked Diesel Oil. The process will begin immediately," he wrote in a post on…
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President Trump said on Friday that Europe will release diesel from its stockpile, something the U.S. administration had been pushing for as diesel prices have skyrocketed in recent weeks.
"Europe has just agreed to release a massive amount of their heavily stocked Diesel Oil. The process will begin immediately," he wrote in a post on Truth Social.
A White House official told The Hill that Trump spoke with French President Emmanuel Macron on Thursday night and leaders of the Group of Seven on Friday morning to negotiate the release.
Trump administration officials had called on Europe to release diesel stocks.
Reuters reported this week that the administration had threatened to stop exporting diesel to France and Germany if they did not release fuel from their stocks.
The announcement comes as high diesel prices have hurt U.S. farmers in particular and have shaken up U.S. politics as the midterm elections approach. Some rural-area Republicans have called for a ban on U.S. diesel exports across the board.
As of Friday, diesel was averaging $6.37 per gallon, according to AAA, a very high price for this fuel.
Global conflicts, including the U.S.-Iran and Russia-Ukraine wars are factors in the high prices.
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So he bullied Europe into releasing THEIR stockpiles to make HIMSELF look good. Figures.