# G7 Releases 100 Million Barrels of Oil

> G7 to release 100 million barrels of oil and fuel as diesel prices hit record highs.
- Title: G7 Releases 100 Million Barrels of Oil · Dallas Express
- Summary: G7 to release 100 million barrels of oil and fuel as diesel prices hit record highs. G7 leaders agreed to release 100 million barrels of oil and fuel over…
- Keywords: diesel, oil, barrels, price, record, release, international energy agency, u.s., texas, diesel prices, strategic stocks, Releases
- Source: Dallas Express — https://dallasexpress.com/national/g7-to-release-100-million-barrels-of-oil-and-fuel-as-diesel-prices-surge
- Author: Dallas Express
- Published: 2026-10-03T11:45:37+00:00
- Read time: 1 min
- Topics: g7, diesel, oil, barrels, price, record, release, international energy agency, u.s., texas, diesel prices, strategic stocks
## G7 Agreement
G7 leaders agreed to release 100 million barrels of oil and petroleum products over four months, prioritizing diesel during the first 20 days.
## Immediate Release
The release will begin immediately through the International Energy Agency, according to the leaders' joint statement.
## Diesel Price Trends
U.S. diesel averaged $6.37 a gallon Friday, down from $6.39 Thursday and the September 22 record of $6.53.
## Texas Diesel Prices
Texas diesel averages $5.79, compared with $5.31 a month earlier, while Dallas averages $5.75.
## State Policy Change
Gov. Greg Abbott eased state dyed-diesel restrictions and allowed heavier fuel, agricultural and timber loads Monday.
## Refinery Coordination
G7 agreed to coordinate refinery maintenance to avoid simultaneous shutdowns and temporarily increase operating rates where feasible.
## Key takeaway

G7 leaders agreed to release 100 million barrels of oil and fuel over four months, prioritizing diesel to address near-record high diesel prices.