Trump teases 'big announcement' on diesel
USO•U.S. President Donald Trump said he would make a “big announcement” on diesel without providing details. U.S. diesel prices averaged $6.28 a gallon on Thursday, up 70% since the U.S.-Israeli war on Iran began.
1. Trump signals diesel news
Trump said at a White House event that a “big announcement” and “big news” on diesel were coming, but did not elaborate.
2. Prices remain elevated
Diesel prices are up 70% since the U.S.-Israeli war on Iran began. Average U.S. diesel prices reached $6.28 a gallon on Thursday, according to AAA, as wars in Iran and Ukraine have triggered a global fuel supply crunch. Trump has recently pressured allies to release emergency reserves and expanded access to tax-exempt red-dyed diesel.
