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That said, Trump also may employ a number of sanctions on Iran — a country that exports approximately 1.7 million barrels per day — which would create a fuel vacuum that could spike gas prices ...
Still, Trump’s promise to chop gas prices amounts to his most specific blueprint for addressing inflation. At the August rally in Asheville, the former president said his administration would ...
While presidential candidates like Donald Trump often cite a desire to reduce gas prices, the truth is that the U.S. president doesn't have a ton of control over them.... What Gas Prices Could ...
When Trump took office in January 2017, the average price of gas was $2.47 per gallon. The average for his entire four-year term was only slightly higher, at $2.57.
Trump said that on his first day in office, he would place 25 percent tariffs on all Canadian and Mexican goods. The two countries are the leading sources of U.S. oil imports.
And higher gas prices will make it more expensive to move goods around the country.
Trump said on the campaign trail that he thought $1.87 was the "perfect" price for a gallon of gas. The American Automobile Association's national gas price average was $3.026 on Monday, marking a ...
“If Trump does move ahead with tariffs, it would essentially boost the price of oil that these refineries are paying by 25%, which in this case today, would amount to about $15 a barrel,” he said.