The White House could soon tap the nation’s emergency diesel reserve as part of the administration’s efforts to address a critical supply crunch.
Diesel prices have spiraled out of control in energy markets this year.
President Joe Biden is monitoring diesel supplies and might begin weighing the release of supply from the 22-year-old Northeast Home Heating Oil Reserve, according to the White House. The announcement comes after Eastern diesel inventories have plunged to their lowest levels in more than 30 years. Nationally, stockpiles are at a 17-year low.
U.S. officials are also drafting other policies in response to supply concerns….