Biden Could Tap Diesel Reserve In A Bid To Ease Fuel Crunch

The U.S. Administration is considering the potential release of diesel from a rarely used emergency stockpile, a senior White House official told CNN on Monday, as President Biden scrambles to tame soaring fuel prices amid low inventory levels ahead of the summer driving season.   Yet, the small volume of Northeast Home Heating Oil Reserve—containing just 1 million barrels of diesel—will not be enough to solve the tightness in the diesel market, analysts told CNN. Prices of diesel and gasoline have surged to records this month,…