Trump's diesel deal with Russia is unlikely to significantly lower fuel prices for truckers and farmers, as the volumes Moscow plans to export are very small relative to U.S. and global demand. Russia is set to supply 300,000 metric tons immediately, then 500,000 tons in November and 1 million tons after that, for a total of 4.8 million metric tons (35.76 million barrels), about 10 days of U.S. domestic demand. Goldman Sachs estimated the Russian diesel would cut wholesale prices by only $1 to $2 per barrel, and analyst Andy Lipow called the deal largely a verbal intervention. U.S. diesel averaged $6.28 a gallon, up 72% from a year earlier, as Ukrainian attacks on Russian refineries and Iranian and Houthi strikes on Middle East refineries tightened supply.
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