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Wright Discusses Gasoline and Diesel Prices on Fox News's America Reports

October 1, 2026 · U.S. Department of Energy · 0:09:48

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What happened

Energy Secretary Chris Wright joined Fox News’s America Reports on October 1, 2026, as the White House focused on lowering gasoline prices ahead of the midterm elections. The host cited AAA figures showing premium gasoline prices down from the prior week but diesel well above year-earlier levels, and asked whether the administration would call on European countries to release some of their roughly 315 million barrels of strategic diesel reserves.

Wright responded, as he stated it, that the gasoline and diesel prices cited had fallen over the previous week, that there was a strong likelihood prices had peaked, and that diesel prices would almost certainly decline, with a noticeable drop in gasoline prices also expected.

On Europe, Wright said, as he stated it, that European countries hold very large diesel stockpiles because much of their refining capacity moved off the continent, and that now is the right time to use those stockpiles. He noted that Russia has gone from a major diesel exporter to a small importer, that China has halted diesel exports, and that some Middle East diesel exports were lost, leaving global diesel markets tight while U.S. refineries run at full capacity.

Why it matters

The appearance is part of the administration’s energy agenda — expanding supply, grid capacity, and permitting — and its claims about prices, projects, and markets are the record against which its energy promises will be measured.

Sources: U.S. Department of Energy, “Secretary Wright Joins Fox News’s America Reports – October 1, 2026”, 2026-10-01 (official upload, embedded above; published 2026-10-01). Transcript via Supadata (private research store, paraphrased and attributed, not republished). All figures and characterizations as stated by the speakers.