U.S. diesel averaged $6.27 a gallon on Monday, Oct. 12, per AAA, against $3.67 a year earlier.
Donald Trump on Monday, Oct. 12, defended his deal letting Russian diesel be sold into U.S. and world markets, posting that the "European Union paid Russia 250 Billion Dollars for Energy." He gave no period; ABC News says CREA estimates of EU spending on Russian fossil fuels since the 2022 invasion roughly match.
The promise. Trump said Russia would supply 300,000 tons immediately and 500,000 tons in November, then 1 million and later 3 million tons, depending on refinery conditions. ([TS]No diesel cargo is verified yet. The tanker billed as first, Minerva Zen, carried fertilizer, per its operator.) Alexander Novak (Deputy Prime Minister, Russia) told Tass that exports could eventually reach 3 million tonnes a month.
The math. Andy Lipow of Lipow Oil Associates put the first release at about 75,000 barrels a day. Global diesel demand runs about 28 million barrels a day. "I don't think that 75,000 barrels a day is enough to make a difference," Lipow said.
The pushback. Don Bacon (Rep-R Nebraska) wrote on X: "Propping up Putin's war economy is morally wrong as he uses that money to bomb cities." A senior administration official told Axios that Trump is "laser-focused on bringing down costs, whether it's diesel with the Russians or importing Argentine beef."
Catch up
- Sept. 13–15 — Putin warned European troops in Ukraine would mean war; Trump then announced a Russia-Ukraine energy truce that Kyiv called conditional.
- Sept. 16–19 — Congress passed, 214-211 in the House, and Trump signed a law allowing tariffs on countries buying Russian oil.
- Sept. 21–24 — Trump pressed Ukraine to stop hitting Russian refineries over diesel prices; Zelensky sought a mutual halt on energy strikes.
- Oct. 4 — Putin added a sale of Lukoil's foreign assets, with buyers tied to Witkoff and Kushner partners, to the talks.
- Oct. 10 — Treasury lifted sanctions on Russian diesel through April 7, 2027, with no volume cap or ceasefire condition.
- Oct. 11 — Russian glide bombs killed 20 in Zaporizhzhia; Putin told Trump talks would not resume soon.
- Oct. 12 — Four Republican senators joined Democrats demanding a reversal, saying Trump skipped steps the 2022 import-ban law requires.
24 earlier issues
- CIA chief Ratcliffe makes rare Moscow visit
- CIA chief reportedly warned Moscow against a limited Russian attack on NATO
- CIA chief secretly met Russian intelligence officials in Moscow
- UpdateCIA chief told Moscow to end the Ukraine war before Russia’s military and economy worsen
- Russian drone hits ammunition depot near Kyiv, killing 38; four remain missing
- Russia's finance minister returned to the G20 in person for the first time since the Ukraine invasion
- Witkoff and Kushner meet Putin in Moscow Sept. 5, Zelensky in Kyiv Sept. 6, carrying a U.S. proposal to end the war
- UpdatePutin orders 72-hour halt to strikes on Kyiv while Witkoff and Kushner visit, after a three-hour Kremlin meeting
- UpdateWitkoff and Kushner hold first Kyiv talks of the war, agreeing on next steps but no terms; announcement promised in weeks
- UpdateWitkoff says Moscow-Kyiv trip produced 'substantive progress' on scheduling more talks, with no date set and no terms disclosed
- UpdateRussia resumed strikes on Kyiv after the truce, killing 7; Trump and Putin then talked for an hour
- UpdateTrump says Russia's president wants a Ukraine peace deal after their phone call
- House schedules vote next week on authorizing 100% tariffs on Russian oil buyers
- UpdateVladimir Putin warned that sending European troops into Ukraine means war with Russia.
- Trump announced a Russia-Ukraine energy truce Kyiv calls conditional
- UpdateThe House voted 214-211 to advance 100% tariffs on buyers of Russian oil
- UpdateCongress sends Trump a bill letting him impose 100% tariffs on countries that buy Russian oil
- UpdateTrump signs the bill authorizing 100% tariffs on buyers of Russian oil
- Trump and Zelensky agree to New York talks, expected Sept. 22
- UpdateZelensky asks Trump for a mutual halt on energy and port strikes
- Zelensky (President, Ukraine) urges countries to limit trade with Russia to cut war funding
- UpdatePutin added a sale of Lukoil's foreign oil assets to US-Russia Ukraine talks; the buyers include Witkoff and Kushner business partners
- UpdateTreasury lifts U.S. sanctions on Russian diesel until April 7, 2027, after Trump says Russia will send 4.8 million tons
- UpdateRussian glide bombs kill 20 in Zaporizhzhia a day after the U.S. suspended Russian diesel sanctions; Putin tells Trump talks won't resume soon
Where high diesel prices already reach people's bills
- FedEx Ground's fuel surcharge is 28.75% for Oct. 12–18; it was 25% for July 13–19.
- About 3% of U.S. households heat with oil, mostly in the Northeast; EIA forecasts their winter fuel spending 21% above last winter.
- A July Joint Economic Committee minority analysis estimated $1.4 billion in extra planting-season diesel costs for corn, soybeans, wheat, cotton and rice.
A stacked bar of the House vote: 214 yes and 211 no, 425 votes cast, so 50 percent of those voting said yes.
The House voted 214–211
3-vote margin, out of 425 votes cast.
The numbers
| Votes | Yes | No |
|---|---|---|
| House roll call | 214 votes | 211 votes |