
Can President Trump's deal for Russia to release more diesel onto the market bring the price down?
The price of diesel hit an all-time high in the U.S. in September, prompting President Trump to broker a deal for Russia to release more diesel onto the market to lower costs.
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The price of diesel reached an all-time high in the U.S. in September.
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The price of diesel hit an all-time high in the U.S. in September. Can President Trump's deal for Russia to release more diesel onto the market bring the price down?

Cambridge Heavy Industries, a stealth startup in Cambridge, Massachusetts, has developed a compact fusion reactor using laser compression that fits on a tabletop, enabling rapid experimentation. The company recently raised $6.2 million in seed funding and plans to use its device to produce tritium, a critical and scarce fuel for fusion power plants, while working toward a larger power plant design within a decade.

President Trump announced a deal with Russian President Putin to supply over 300,000 tons of diesel immediately, with additional shipments planned, but energy experts say the agreement will not significantly lower record-high diesel prices in the U.S. or globally due to ongoing supply constraints from the U.S.-Iran war and limited refining capacity.

Wood Mackenzie reports that four-hour battery storage is now cheaper than open-cycle gas turbines in all 43 markets surveyed across every continent, with solar remaining the cheapest new power source. The report highlights rising gas turbine costs driven by AI data center demand, supply chain backlogs extending into the 2030s, and projections that battery costs will continue to fall while gas prices rise, particularly impacting peaking power plant economics in the U.S., Middle East, Africa, and China.

Hurricane Isaias is expected to make landfall near the Alabama-Florida border. Oil companies are evacuating offshore rigs and platforms, though experts anticipate minimal disruption as the storm tracks east of the primary Gulf Coast energy infrastructure.

Less than a month before the midterms, President Trump issued an executive order allowing dyed diesel to be used on highways through the end of the year to lower costs for farmers and truckers, though analysts say the move may not significantly reduce prices due to limited availability and ongoing global supply constraints from Ukraine-related refinery disruptions and reduced exports from Russia and China.

Knoxville-based fusion startup Type One Energy has secured $200 million in Series B funding. The company aims to build a 400-megawatt commercial power plant by 2034 by utilizing an integrator business model that relies on specialized external suppliers.