Fuel prices in the U.S. rose another seven cents after the announcement of the diesel deal with Russia, reaching $6.35 per gallon (about 3.8 liters), The Wall Street Journal reported, citing data from the American Automobile Association.
U.S. President Donald Trump announced October 9 that he had reached an agreement with Russian President Vladimir Putin on deliveries of Russian diesel fuel to world markets. The U.S. Treasury Department temporarily eased sanctions on Russian diesel until April 7, 2027, to implement the deal.
Trump said Russia would supply more than 300,000 tons of diesel immediately, another 500,000 tons in November, and an additional 1 million tons after that. The first tanker carrying Russian diesel fuel left the port of Primorsk on October 22, Reuters reported.
Experts have been skeptical that the diesel deal will significantly lower fuel prices in the U.S.
Midterm elections for Congress will take place in the U.S. on November 3. Analysts predict the Republican Party’s representation in both chambers will shrink as a result. Polling shows rising fuel prices have become one of the main sources of discontent among U.S. residents with the Republican administration led by Trump.
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