Bloomberg Surveillance · Thursday, October 1, 2026
U.S. Trade Representative Jameson Greer indicated that the issue of high diesel prices has been discussed bilaterally with some counterparts, although not in plenary sessions. He suggested that European countries, which have diesel reserves, should consider releasing them to mitigate price increases, noting that prices are currently higher in Europe than in the U.S.
“It comes up on a bilateral basis, so it's not a topic in the plenary sessions, but we have a handful of countries who have talked about the diesel issue. We know the prices on diesel are high, and I heard President Kashkari talking about it a little bit as, is this a one-time spike or something longer?”
“Now, remember, though, the Europeans, they're sitting on reserves of diesel, and our sense would be they should probably release some of these if they're feeling like they're having a spike in Europe. The price is higher in Europe than it is in the U.S.”