Trump Weighs Several Options to Tame Surging Gasoline Prices
- President Donald Trump praised low gas prices last month but is now facing rising prices amid the Iran conflict, with the national average at $3.54 per gallon, up 40 cents from last week according to AAA.
- Gas prices have reached their highest since 2024, with Brent crude oil briefly hitting $120 a barrel before falling to about $90, as reported by CNBC and The Washington Post.
- Trump is considering naval escorts for oil tankers in the Strait of Hormuz, a critical passage for one-fifth of global oil, following threats from Iran's Revolutionary Guard.
- Trump warned Iran that any disruption in oil flow through the strait would result in the U.S. responding twenty times harder and expressed hope the conflict does not escalate further.
14 Articles
14 Articles
Washington—As the war in Iran causes oil prices to skyrocket and gasoline prices in the U.S. rise, Trump administration officials are looking for ways to ease the pain at gas stations and avoid a negative reaction from voters. However, U.S. presidents have learned a hard lesson over and over again since the 1970s. Once world oil prices start to skyrocket, it can be difficult to protect people from the consequences.
Since the conflict between the United States, Israel and Iran began, gasoline prices in the country have increased by 17%.
U.S. President Donald Trump is evaluating “additional options” to contain gasoline prices, which have been affected by the blockades resulting from Iran’s war in the Strait of Ormuz, a route through which approximately one fifth of world oil circulates. “The President and his Energy team are closely observing the markets, talking to industry leaders, and the U.S. Army is analyzing additional options following the president’s directive to keep th…
U.S. President Donald Trump faces the political and economic pressure of an escalation in fuel prices that has maximized the cost of gasoline in the country since mid-2024, in the midst of a conflict in the Middle East that has disrupted the global supply of crude oil. The White House Secretariat has confirmed that Trump and his team are evaluating "additional options" to contain this rise, without yet providing concrete details on the measures …
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