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The EU says it is ready for collective action with the IEA on a fresh emergency release. Analysts say releasing diesel reserves could lower pump prices within days, but would offer only short-term relief.
A disaster declaration by Gov. Greg Abbott waived the restrictions on dyed diesel.
El Paso trucking firm warn soaring diesel price boosting freight costs and could soon raise grocery prices. Abbott’s order allows heavier loads and dyed diesel, but carriers cite high pump prices and lagging surcharges.