Trump Says Gas Prices Won't Come Down Until After The Midterms: 'Going To Take a Little Bit Longer'
Trump said elevated gasoline prices will stay high until after the midterms as the administration pursues refinery, sanctions and Venezuela measures.
- On Wednesday, President Donald Trump stated that elevated gas prices will not decrease until after the midterms, with AAA reporting the national average at $4.22 per gallon.
- Brent crude topped $100 on Wednesday as Washington and Tehran forces kept trading strikes in the Strait of Hormuz, straining global refining capacity.
- Treasury Secretary Scott Bessent announced sanctions on 36 targets supporting Iran's aviation sector, warning they risk being "cut off from the global financial system." Chevron continues increasing Venezuelan production.
- Goldman Sachs warned that shipping disruptions could push Brent crude as high as $120, while Bessent announced the Treasury will buy back $6 billion of longer-dated government debt.
- Trump predicted, "I think the war's going to end immediately after the election because they can't hold out any longer." However, industry experts estimate meaningful Venezuelan production increases require six to twelve months.
13 Articles
13 Articles
The last desperate promise of tycoon ahead of the November vote as oil and fuel prices skyrocket: "Yes, gasoline will go down, I think under two dollars per gallon." Now it's over $4.
Trump promised that after the November elections, gasoline in the United States will cost less than $2 per gallon
Trump promised that after the November elections, gasoline in the United States will cost less than $2 per gallon.The American leader told reporters about this. However, when asked if it was possible to lower prices earlier, the US president suggested...
Trump says gas prices will fall to $2 per gallon after midterms
President Donald Trump said that gas prices will decrease to $2 per gallon after the November midterm elections. “Right after the election, oil prices are going to be tumbling downward,” Trump told reporters on Wednesday, just before embarking on a flight to the Republican National Committee convention in Dallas. “They’re going to be tumbling down, […]
US President Donald Trump has claimed that oil prices will fall below $2 per gallon immediately after the election. He blamed the attacks in the Strait of Hormuz on American interests. Trump said the war with Iran will end soon, but there are no plans for negotiations.
Coverage Details
Bias Distribution
- 57% of the sources lean Right
Factuality
To view factuality data please Upgrade to Premium
