Trump to meet with oil refiners amid stubborn gas prices
The meeting follows months of $4-a-gallon gasoline and comes as refiners report $12.6 billion in quarterly profits.
- 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.
56 Articles
56 Articles
U.S. President Donald Trump accused the country's oil refineries of speculating at the expense of citizens, called for an investigation by the Department of Justice, and urged companies to use their profits to reduce gasoline prices, which have skyrocketed in the context of the conflict with Iran.
Trump meets with oil executives at White House in push to lower gas prices
President Donald Trump is meeting with oil industry executives at the White House Tuesday in an effort to bring relief to Americans facing rising gas prices.The national average for a gallon of gasoline is hovering at $4.10, with markets pushing oil prices higher again Tuesday, driven in part by uncertainty in the Middle East over the possibility of renewed U.S. military action against Iran.As Scripps News has confirmed through a White House spo…
Trump to Host Big Oil CEOs as Gas Price Average Remains Over $4 a Gallon - CleanTechnica
Washington, DC — Reporting today indicates that Donald Trump plans to host oil industry executives at the White House tomorrow, even as the average gas price is over $4 a gallon and Big Oil companies reported $85.2 billion in combined Q2 profits. Much of that windfall came from the surge in oil prices following ... [continued] The post Trump to Host Big Oil CEOs as Gas Price Average Remains Over $4 a Gallon appeared first on CleanTechnica.
The White House is looking for oil companies to expand refining capacity to contain the price of gasoline, which exceeds $4 per gallon
Coverage Details
Bias Distribution
- 80% of the sources are Center
Factuality
To view factuality data please Upgrade to Premium
