U.S. diesel prices climbed to an all-time high during September, intensifying scrutiny on whether President Trump’s recent agreement with Russia will alleviate the pressure. The deal is designed to encourage Moscow to release additional diesel supplies into the global market, potentially increasing availability and driving down costs domestically.
Will Russian Diesel Deal Easing Ease U.S. Fuel Prices?
I’m skeptical. Geopolitical tensions usually overshadow trade deals. Don’t hold your breath for relief this winter.
Global markets are tricky. One deal won’t instantly fix September’s price spike, but it’s a start.