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CNN: Trump promotes ‘Freedom Fuel’ stations that sell cheap gas. How they’re able to do so is unclear
The White House says the private network has no federal funding as industry experts question how it can sell fuel below wholesale.
- President Donald Trump touted a new chain of 25 Freedom Fuel stations opening on July 3 around Philadelphia and southern New Jersey, advertising regular gas at $3.47 per gallon well below national averages.
- Industry experts question the sustainability of the pricing model, as Jeff Lenard, spokesperson for the National Association of Convenience Stores, stated stations cannot operate profitably charging well below wholesale costs.
- National AAA average was $3.85 per gallon as of Thursday, while independent station owner Muhammad Irfan reported selling about 500 fewer gallons daily since Freedom Fuel opened nearby.
- The White House denied providing funding or subsidies for the Freedom Fuel Network, stating "no other entity or person" is subsidizing the discounted gasoline costs.
- CNN found an incorporation filing for Freedom Fuel Network in Delaware on June 23, but much about the network remains unknown, including how long stations will operate.
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Chris Isidore, CNN - President Donald Trump is promoting a new chain of gas stations selling fuel at $3.479 a gallon, well below market prices and wholesale costs. “This retailer is leading the way, and others should follow suit,” he wrote in a post. The post Trump promotes “Freedom Fuel” gas stations selling cheap gasoline, but it’s unclear how they can do it appeared first on KVIA.
·Panama City, United States
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Coverage Details
Total News Sources18
Leaning Left4Leaning Right2Center11Last UpdatedBias Distribution65% Center
Bias Distribution
- 65% of the sources are Center
65% Center
L 23%
C 65%
12%
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