RFD Illinois October 05, 2026

Back on RFD Illinois, I'm Rita Frazer.

The world's wealthiest countries say they'll release 100 million barrels of diesel, gasoline, and oil from emergency reserves over the next four months after President Trump threatened a diesel export ban.

RFD Washington correspondent Matt Kay reports.

Trump pressed the G7 nations after he voiced second thoughts over ordering a diesel export ban he first supported, telling reporters at the White House recently...

It could have a little bit of an effect on regular automobile gasoline.

But no, I've, uh, called for it.

I've called for it within my people.

I've been talking about it.

But Trump then called on Europe, especially Germany and France, to draw down their own emergency diesel reserves to ease global fuel prices, even threatening the US export ban.

The Washington Post reports the G7 nations agreed to release 100 million barrels over four months of diesel first, then gas and oil, though experts question if it will be on top of or part of an earlier planned release.

Diesel prices at a recent $6.53 a gallon record are crushing farmers at harvest time, so much so that their usually free market advocates, like Iowa Senator Chuck Grassley, are calling for action.

President Nixon, 55 years ago, did it for the consumers of America when he put embargoes on soybeans.

Gasoline prices have jumped more than 40% over the past year, according to AAA, largely driven by the Iran and Ukraine wars, depressing supplies of both oil and refined fuel.

Grassley says the oil companies could also just charge less for domestic diesel, while farm groups say the president could allow broader sales of tax-exempt or off-road diesel.

For the RFD Radio Network, Matt Kay, Washington.

Back on RFD Illinois, I'm Rita Frazer.

The world's wealthiest countries say they'll release 100 million barrels of diesel, gasoline, and oil from emergency reserves over the next four months after President Trump threatened a diesel export ban.

RFD Washington correspondent Matt Kay reports.

Trump pressed the G7 nations after he voiced second thoughts over ordering a diesel export ban he first supported, telling reporters at the White House recently...

It could have a little bit of an effect on regular automobile gasoline.

But no, I've, uh, called for it.

I've called for it within my people.

I've been talking about it.

But Trump then called on Europe, especially Germany and France, to draw down their own emergency diesel reserves to ease global fuel prices, even threatening the US export ban.

The Washington Post reports the G7 nations agreed to release 100 million barrels over four months of diesel first, then gas and oil, though experts question if it will be on top of or part of an earlier planned release.

Diesel prices at a recent $6.53 a gallon record are crushing farmers at harvest time, so much so that their usually free market advocates, like Iowa Senator Chuck Grassley, are calling for action.

President Nixon, 55 years ago, did it for the consumers of America when he put embargoes on soybeans.

Gasoline prices have jumped more than 40% over the past year, according to AAA, largely driven by the Iran and Ukraine wars, depressing supplies of both oil and refined fuel.

Grassley says the oil companies could also just charge less for domestic diesel, while farm groups say the president could allow broader sales of tax-exempt or off-road diesel.

For the RFD Radio Network, Matt Kay, Washington.