Wholesale prices also rose across the country. Diesel futures gained 21.12 cents a gallon, while physical prices increased 21 cents on the Gulf Coast, 23 cents in New York and 40 cents in Southern California, fuel market analyst Tom Kloza said.
Treasury's license allows Russian diesel transactions through April 7, 2027. Trump initially announced more than 300,000 metric tons for immediate release, followed by 500,000 tons in November and larger volumes later, depending on refinery conditions. The November volume amounts to about 125,000 BPD, oil analyst Rory Johnston said, roughly a tenth of Russia's usual exports when its refineries are not being hit by Ukrainian drones.