“It's really about sentiment. The volumes are pretty small… this will make very little difference at the pump for consumers.”

WSJ What’s News · Will Trump’s Russian Diesel Deal Lower Prices?

Play from 4:55
4:55

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What was described

argued that sentiment, not the small diesel import volume, will drive price changes

Said nearby on the same subject

“The orange line on that chart, what I've done is I've bootstrapped a crude price from diesel prices. So the equivalent oil price, looking at diesel, is over $160 a barrel.”
♫
Said on Monetary Matters with Jack Farley
How they work $160 a barrel Share this moment
“Diesel prices don't depend on the volume that Russia sells. They just don't.”
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Said on The Diary Of A CEO with Steven Bartlett
Contrarian take Share this moment
“That one addition doesn't cost him much in delivery time, but it changes the entire conversation a price shopper would have to have with themselves… creates enough differentiation to make at least some of them stop and think before jumping ship over a small price difference.”
♫
Said on Future Firm Accounting Podcast
How they work Share this moment
“Last year the average price, and the price was pretty stable, was $3.50 a gallon for diesel in the U.S. It is right now $6.30 a gallon.”
♫
Said on World Business Report
Hard number $3.50 per gallon → $6.30 per gallon Share this moment

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