🇺🇸 U.S. moves to cool fuel prices Chris Wright said the administration of Donald Trump is working to increase diesel supply to ease rising fuel prices. The U.S. has already begun releasing oil from the Strategic Petroleum Reserve since Friday at a pace of ~1–1.5M barrels per day, potentially pushing global supply injections close to 3M barrels per day. This is part of a coordinated plan with 30+ countries under the International Energy Agency, aiming to release ~400M barrels of oil, with the U.S. contributing 172M barrels. Notably, despite rising domestic prices, the U.S. is not restricting diesel exports. Wright emphasized that blocking energy trade flows could backfire, since the U.S. currently refines more fuel than it consumes domestically. Cutting exports would force refineries to reduce output, tightening global supply even further.