Trump Meets Oil Executives to Push Down Gas Prices
- President Donald Trump will meet with oil refiners and fuel distributors on Tuesday, September 1, to explore expanding refining capacity. Participants include Interior Secretary Doug Burgum, Energy Secretary Chris Wright, and National Energy Dominance Director Jarrod Agen.
- The national average for regular unleaded has remained above $4 a gallon for 103 days, hitting a record seasonal high of $4.03 on August 13 according to GasBuddy. High costs are driving down presidential approval and hurting Republicans ahead of midterm elections.
- On August 28, Trump announced a partnership in Venezuela securing a 55% stake in over 65 billion barrels of oil. Trump wrote on Truth Social that the deal would "substantially lower gas prices" for American taxpayers.
- Energy experts remain skeptical of near-term impacts, with Gerald Kepes, president of energy consultancy Competitive Energy Strategies, calling the idea "absurd." Francisco Monaldi, director of the Latin America Energy Program at Rice University's Center for Energy Studies, said a production increase is "highly unlikely."
- Facing pressure before midterm elections, the White House is working to show voters it takes economic issues seriously. Recent polling shows 64% of respondents disapprove of Trump's performance, while eight in 10 Americans believe the war in Iran increased costs.
26 Articles
26 Articles
The price of fuel in the United States remains under stress in the face of repeated military incidents with Iran and the confusing situation in the Strait of Ormuz
<p>Trump will rally refiners due to jump in gasoline prices in the U.S. Trump will meet with refiners to increase oil refining capacity. Gasoline prices in the United States rose to $4.08 per liter.</p>
(Washington = Yonhap News) Correspondent Hong Jeong-gyu = U.S. President Donald Trump will meet with executives from the domestic oil refining and fuel distribution industries, CNBC and AFP reported...
Trump announced last Friday an agreement for a huge U.S. participation in Venezuela’s oil reserves, whose leader, Nicolás Maduro, was overthrown by U.S. forces in January.
US President Donald Trump will meet this Tuesday in the White House with top oil industry executives, following the agreement reached with Venezuela that the United States will gain control of a part of Venezuelan crude production. The objective of the meeting, in which the secretary of the ... Continue reading "Trump will meet with top oil executives to coordinate over production in Venezuela" The post Trump will meet with top oil executives to…
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- 37% of the sources are Center, 36% of the sources lean Right
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