WSJ What’s News · Will Trump’s Russian Diesel Deal Lower Prices?
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stated that 100,000 barrels per day of Russian diesel would be less than 4% of the U.S. diesel market
100,000 barrels per day, <4% of 3-4 million barrel per day market
“Treasury Department put out a statement that was basically temporarily suspending sanctions on Russian diesel. Meaning not only is the U.S. going to buy diesel from Russia, the U.S. government is also saying it's not going to punish anyone else for buying diesel from Russia.”
“The United States produces more than enough diesel on its own. It doesn't need to import it.”
“The agreement will also see U.S. Treasury Department temporarily waive sanctions on Russian diesel through to April 2027.”
“Suspend the federal gas tax and the federal diesel tax, which would immediately drop the price of gas by 18 cents a gallon for Texans… save those who use diesel about $200 a year.”
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