Trump to meet refiners, fuel retailers as Iran war boosts gas prices ahead of midterms, sources say
Trump is pressing refiners and retailers to ease pump prices as U.S. regular gasoline tops $4 a gallon, Reuters reported.
- Next week, President Donald Trump is expected to meet with U.S. refiners and fuel retailers to discuss lowering gasoline prices ahead of November's congressional midterm elections.
- The conflict with Iran has disrupted energy flows through the Strait of Hormuz, through which 20% of the world's oil flowed before the war began on February 28, pushing prices as high as $112 a barrel.
- U.S. regular gasoline prices remain above $4 a gallon, roughly $1 higher than last year, while Reuters/Ipsos polling shows Trump's approval rating has fallen to 33% and just 31% of Americans approve of the conflict.
- Attendees at the meeting are expected to include Valero Energy Corp, Marathon Petroleum Corporation, and PBF Energy Inc, whom Trump has publicly pressured to lower prices despite their strong second-quarter earnings.
- With November midterms approaching, Republicans are defending narrow majorities in Congress as rising gasoline prices and the unpopular Iran war threaten to undercut Trump's 2024 campaign promise to lower the cost of living.
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<p>Trump to meet with refiners over high fuel prices in the U.S. — Bloomberg On September 1, Trump will meet with executives of at least 10 fuel companies. They will discuss lowering prices and expanding oil refining</p>.
Trump to meet refiners, fuel retailers as Iran war boosts gas prices ahead of midterms, sources say
President Donald Trump is expected to meet with U.S. refiners and fuel retailers next week to highlight efforts to lower gasoline prices, as his administration seeks to ease pressure on consumers from the Iran war ahead of November's congressional midterm elections, people familiar with the matter said.
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Crypto BriefingTrump plans meeting with US oil refining executives to address high gasoline prices
Trump's meeting with oil executives highlights the political and economic pressures of high gas prices, impacting consumer costs and public sentiment. The post Trump plans meeting with US oil refining executives to address high gasoline prices appeared first on Crypto Briefing .
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