An emergency declaration would allow President Joe Biden to release fuel from a stockpile that’s rarely used, called the Northeast Home Heating Oil Reserve.
- The Biden administration is considering an emergency declaration to help ease the diesel shortage in the U.S.
An emergency declaration would allow President Joe Biden to release fuel from a stockpile that’s rarely used, called theSome analysts said the impact of the release would be minimal, relatively speaking, and only help for a short period of time. The national average cost for a gallon of diesel was $5.56 as of Sunday, according to AAA, a 75% jump from a year ago.
Diesel fuel is a major factor for the U.S. economy because it is used to power farm and construction equipment as well as the vehicles that transfer goods nationwide.
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