US EditionTrump on gas prices: Americans should expect to pay more 'for a little while'
Gas prices have risen more than 30% since the war began, and a majority of Americans expect the higher costs to last at least six months, AAA said.
- On Thursday, President Donald Trump told reporters that Americans should expect higher gas prices "for a little while" amid the Iran war disrupting global energy supplies.
- The conflict has brought traffic through the Strait chokepoint for about 20% of global oil and liquefied natural gas shipments close to a standstill, disrupting energy flows worldwide.
- Global energy prices have risen steadily since late February, when Israeli and Iranian forces exchanged strikes across the region, killing thousands and displacing millions amid the fragile ceasefire.
- Rising fuel costs present a significant political risk for the Republican Party, which holds majorities in Congress, ahead of November elections when voters will decide control of both chambers.
- Trump has downplayed concerns, suggesting Americans may face elevated prices until November, even as household transportation costs rise and inflationary pressure mounts across consumer sectors nationwide.
31 Articles
31 Articles
Would You Rather Pay a Buck a Gallon to Fight (a) Iran or (b) Climate Change?
It used to be that we couldn’t propose making gasoline more expensive to protect the environment because Americans wouldn’t sacrifice cheap gas for other policy goals. I guess Donald Trump has thrown that argument out the window: REPORTER: If you need more time, does that mean Americans should anticipate spending more on gasoline for the foreseeable future? TRUMP: For a little while. And, you know what they get for that, you know what they get f…
Trump Says Americans May Have to Brace for High Gas Prices ‘For a Little While’
President Donald Trump said on April 23 that Americans may have to deal with higher gas prices “for a little while,” as the conflict with Iran continues despite an extended ceasefire. During a press conference in the Oval Office, Trump was asked whether Americans should anticipate higher fuel costs for the foreseeable future. He did not specify a timeline but signaled it could last for some time. Trump suggested that the situation could ultimate…
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