First Tanker Of Putin’s Diesel Heads For New York As Prices Top $6 A Gallon
A tanker of Russian diesel is headed for New York, the first U.S.-bound cargo under President Donald Trump's deal with Russia.
A tanker of Russian diesel is headed for New York, the first U.S.-bound cargo under President Donald Trump’s deal with Russia.
The Malta-flagged tanker Agioi Fanendes took on 40,000 metric tons of diesel Thursday at Primorsk, a Russian port on the Baltic Sea, and is due in the U.S. Nov. 7, Reuters reported Friday, citing shipping data from the London Stock Exchange Group. Diesel averaged $6.32 a gallon nationally Friday, up from $3.63 a year earlier, according to the American Automobile Association.
“Additional diesel supply is welcome news for farmers, truckers, and families getting hammered at the pump, but one tanker isn’t going to solve our diesel supply problems,” Jason Isaac, CEO of the American Energy Institute, told the Daily Caller News Foundation in a statement.
The cargo holds almost 300,000 barrels, while Americans use about 3.6 million barrels of diesel a day, Max Pyziur, research director for refining and fuels, natural gas and electricity projects at the Energy Policy Research Foundation, said in a statement to the DCNF.
“So, in that context, a 300 KB shipment is minute and won’t swing either prices or inventories,” Pyziur said.
Trump wrote on Truth Social Oct. 9 that Russia would “immediately supply over 300,000 Tons of Diesel Fuel to the American and Global Marketplace,” with 500,000 more tons coming in November and one million tons after that.