Trump Demands Gas Prices Fall to $2.50, Blames Retailers as National Average Sits at $3.85
By
Siladitya Ray
6d ago· 3 min readenNews
Summary
President Trump complains that gas prices are "too high" and demands they fall to $2.50 per gallon, blaming gas retailers for elevated prices. The national average is currently $3.85 per gallon, down from over $4.50 during the Iran War. Prices have been declining since an interim peace deal reopened the Strait of Hormuz. Trump argues that since crude oil futures have dropped, pump prices should follow immediately.
Source
bskyTrump Demands Gas Prices Fall to $2.50, Blames Retailers as National Average Sits at $3.85forbes.comKey quotes
· 3 pulledTrump Complains About 'Too High' Gas Prices, Says They Must Fall To $2.50
The president blamed gas retailers for elevated prices at the pump—which were driven up by the Iran War—and argued they should fall immediately, in line with crude oil futures.
The prices have continued to decline since both sides signed an interim peace deal that agreed to reopen the blockaded Strait of Hormuz, which is used to transport around 20% of the world's oil.
The president blamed gas retailers for elevated prices at the pump—which were driven up by the Iran War—and argued they should fall immediately, in line with crude oil futures.
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