Trump Demands Oil Companies Cut Gas Prices Now
Trump says oil companies should pass savings to consumers as AAA puts the national average for regular gasoline at about $4.10 a gallon.
- President Trump demanded on Truth Social that Chevron and other producers lower retail gasoline prices, claiming credit for reopening Venezuela's oil industry to American companies after CEO Mike Wirth appeared on Fox Business.
- Higher gasoline prices this year stem primarily from geopolitical risks rather than corporate decisions; the national average rose to around $4.10 per gallon from roughly $2.98 following Trump's military action against Iran in late February.
- The American Petroleum Institute reports fewer than 5% of gas stations are owned directly by major oil companies, meaning they cannot simply order independently owned retailers to slash prices based on social media directives.
- Analysts emphasize that energy stocks and pump prices track global oil fundamentals, including OPEC production and supply mechanics, rather than social media directives or presidential demands directed at corporate executives.
- While WTI fell below $80 and Brent retreated to roughly $83 after Trump delayed retaliatory strikes, geopolitical uncertainty persists as investors monitor supply disruptions and threats of further military action maintain an oil price risk premium.
43 Articles
43 Articles
Without Trump administration, Oil Industry would be dead!: Trump slams Chevron CEO, demands immediate retail energy price cuts - The Tribune
In a post on Truth Social on Monday (local time), Trump argued that Chevron and the broader US energy sector owe their recent gains and their continued existence to the "genius, foresight, strength, and stability" of his presidency.
"Without Trump administration, Oil Industry would be dead!": Trump slams Chevron CEO, demands immediate retail energy price cuts
In a post on Truth Social on Monday (local time), Trump argued that Chevron and the broader US energy sector owe their recent gains and their continued existence to the "genius, foresight, strength, and stability" of his presidency.
‘DOWN, NOW!’ Trump directs oil giants to slash gas prices immediately * WorldNetDaily * by Joe Kovacs
President says the only thing Chevron CEO 'conveniently forgot to mention is that, without the genius, foresight, strength, and stability, of the TRUMP Administration, the Oil Industry, and our Country itself, would be DEAD!'
Donald Trump again called on oil companies on Monday, August 3rd to lower gas prices for U.S. consumers. He blames Chevron's CEO Mike Wirth for not commending his administration's efforts to help the sector.
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Trump Presses Oil Companies to Cut Pump Prices After Iran Tensions Ease
President Donald Trump demanded immediate reductions in retail fuel prices Monday after crude markets fell, criticizing Chevron’s chief executive for failing to credit administration policies ... The post Trump Presses Oil Companies to Cut Pump Prices After Iran Tensions Ease first appeared on [your]NEWS.
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