- US oil industry warns diesel prices will not return to normal for a year.
- White House weighs diesel export ban ahead of US midterm elections.
- US diesel averages $6.44 per gallon.
- Europe holds more than 350 million barrels of diesel in government and commercial stockpiles.
- Germany has signaled it is unlikely to release reserves purely to lower prices.
- The US oil industry, via the Financial Times, warns that diesel prices will not return to normal for a year. This follows the White House weighing a diesel export ban ahead of the midterm elections. US diesel averages $6.44 per gallon. Europe holds more than 350 million barrels of diesel in government and commercial stockpiles, and Germany has signaled it is unlikely to release reserves purely to lower prices.
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