Diesel6 min read
G7 nations will release up to 100 million barrels of diesel and crude from emergency stocks after U.S. pressure
The coordinated drawdown starts immediately over four months, with a big diesel push in the first 20 days, as the official U.S. on-highway average sits at $6.382.
On October 2, 2026, the Group of Seven (G7) nations—Canada, France, Germany, Italy, Japan, the United Kingdom, and the United States—announced a coordinated release of up to 100 million barrels of diesel and crude oil from emergency reserves. French President Emmanuel Macron, current G7 chair, said the release through the International Energy Agency (IEA) begins immediately and runs over four months. It includes a front-loaded substantial diesel release within the first 20 days by G7 members and partners. Leaders also pledged to refrain from energy-product export bans between G7 countries.
U.S. President Donald Trump welcomed the step on social media, writing that Europe had agreed to release “a massive amount of their heavily stocked Diesel Oil” and that the process would begin immediately. The decision followed U.S. pressure, including earlier talk of possible diesel-export limits, as prices surged amid conflicts affecting refining and supplies.
The official U.S. diesel benchmark
The U.S. Energy Information Administration (EIA) reported the national average on-highway diesel price at $6.382 per gallon for the week of September 28, 2026. That is down 14.7 cents from the all-time high of $6.529 the prior week (September 21). It remains $2.628 higher than the $3.754 average one year earlier. The EIA releases this weekly survey every Monday (next due October 6); it is the official index many trucking fuel-surcharge formulas use. Regional figures that week ranged from about $5.95 on the Lower Atlantic and Gulf Coast to $8.18 in California.
- G7/IEA release: up to 100 million barrels total over four months, substantial diesel in first 20 days.
- EIA U.S. average on-highway diesel: $6.382/gallon (week of Sept. 28, 2026), −$0.147 week-over-week.
- Prior week record: $6.529. Year-ago: $3.754.
- No newer official EIA weekly national average is available as of October 3.
Sources
- Transport Topics: G7 to release up to 100 million barrels of diesel, crude
- Transport Topics: Trump says Europe agrees to release diesel reserves
- Reuters: G7 to release 100 million barrels of diesel and other reserves through IEA
- EIA: Retail Prices for Ultra Low Sulfur Diesel (week of 09/28/26)
- EIA Gasoline and Diesel Fuel Update
The Ro-Mac Brief summarizes public reporting for a general reader. Figures can be revised by the agency that published them. This is not legal advice.
Keep reading
- Federal and state officers pull 78 truck drivers off Southeast highways in overnight Operation Saturday Night Fever
A multi-state blitz inspected 552 commercial trucks and sidelined drivers for credential, English-proficiency, and safety problems—here’s what “out of service” and a non-domiciled CDL mean in plain English.
- Los Angeles jury convicts two men in a $2 million scheme that bought trucking companies to steal cargo
A federal jury found Arshpreet Singh and Vikramjeet Singh guilty of conspiracy after they and others used purchased or hijacked carriers to pick up loads that never arrived.
- Six family trucking firms sue C.H. Robinson and TQL, alleging they steered loads to chameleon carriers
A new federal racketeering lawsuit claims two major freight brokers used unsafe, name-changing trucking outfits to undercut legitimate carriers on price.