Trump Demands $2.50 Gas, Warns Retailers of 'Big Problems'
Updated
Updated · Fox Business · Jun 30
Trump Demands $2.50 Gas, Warns Retailers of 'Big Problems'
3 articles · Updated · Fox Business · Jun 30
Summary
Trump told U.S. gas stations to cut pump prices immediately to about $2.50 a gallon, saying retailers face "big problems" if they keep prices too high.
AAA put the national average for regular gas at $3.860 on June 29, down from $4.391 a month earlier but still above the $3.187 level a year ago.
Trump argued stations are not passing through cheaper crude costs, pointing to oil near $68 a barrel in his post; WTI traded around $70.24 Monday evening after retreating from Israel-Iran conflict highs.
The demand follows Trump's order nearly a week earlier for the Justice Department to investigate alleged fuel-price gouging, while he also renewed attacks on California's gasoline taxes.
The pressure campaign reflects how fuel costs remain politically sensitive after the Israel-Iran conflict briefly drove prices higher, even as market tensions have eased.