๐บ๐ธ The Trump administration is preparing to release up to 315,000 barrels from America's emergency heating oil reserve as diesel prices soar following the Iran war.
Diesel prices recently hit a record $6.52 per gallon, while heating oil costs are becoming a major concern across the northeastern United States ahead of winter.
The government plans to loan nearly a third of its 1-million-barrel Northeast Home Heating Oil Reserve to fuel suppliers, with deliveries expected by November 13.
The move is particularly important for New England, where roughly one-third of homes rely on heating oil, including about half of households in Maine.
However, energy analysts question whether the relatively small release will meaningfully reduce prices.
Washington has also agreed to loan 172 million barrels from its Strategic Petroleum Reserve, while Russia is preparing its first diesel shipment to the U.S. following a deal between Trump and Putin.
Source: Reuters / Writer: Mhedi
@yslkat Honestly, you have these one I say one bring back take another one bring back take another one bring back another one and take the last one. Canโt choose one yet. I gotta take them out first to see which one will work.