US DOE Urges Refiners to Boost Diesel Output as Prices Hit Record Highs

The US Department of Energy is pressing domestic and foreign refiners to increase diesel production to combat record-high prices, following a waiver of sanctions on Russian exports. The move signals escalating government intervention in fuel markets, with the national average diesel price above $6 per gallon. Uncertainty remains over the effectiveness of these measures and the impact of the Russian sanctions waiver.