Would access to Russian diesel help drive down prices in the U.S.?
President Trump said Russia would provide additional diesel shipments, and a White House official said the move could help American farmers, truckers and other workers. Energy specialists say the promised volumes are unlikely to bring much short-term relief to U.S. prices.
Diesel averaged $6.27 a gallon nationally on Monday, down from a record $6.53 in September but well above its late-February level of $3.73. California’s average was higher, at $8.38 per gallon.
Experts question whether Russia can deliver the stated amounts on the proposed schedule. They also note that the shipments are small compared with global demand and could fall within Russia’s existing export levels, rather than add supply to the market.
A Columbia University energy policy fellow said any additional Russian diesel might modestly ease pressure, but would not substantially cut prices. Separately, six senators from both parties urged the administration to abandon the arrangement.
Trump has also ordered expanded access to tax-free, red-dyed diesel, intended to help farmers and truck drivers. The article does not say when Russian shipments might arrive or whether the plan will proceed.
Key points
- Trump announced Russian diesel shipments, but experts see little prospect of major near-term U.S. price relief.
- U.S. diesel prices remain far above late-February levels, with California prices especially high.
- Six bipartisan senators oppose the plan; Trump has also expanded access to tax-free diesel.