Trump Orders Oil Companies to Cut Gas Prices, Targets Chevron CEO
President Donald Trump demanded that U.S. oil companies immediately lower gasoline prices on Monday after crude futures plunged following his decision to suspend another planned military strike on Iran. In a Truth Social post, Trump instructed producers to “get your consumer (retail!) Oil Prices DOWN, NOW!” Trump singled out Chevron CEO Mike Wirth after the executive appeared on television…
President Donald Trump has directed oil companies to immediately reduce gasoline prices in the United States following a drop in crude futures. In a Truth Social post, Trump urged producers to "get your consumer retail Oil Prices DOWN, NOW," specifically targeting Chevron CEO Mike Wirth for failing to acknowledge the administration's role in restoring Chevron's position in Venezuela.
Despite crude prices plunging more than 6% after Trump suspended a planned military strike on Iran, the national average price of regular gasoline remained at around $3.29 per gallon on Monday, according to AAA. The president's intervention comes after previous calls to investigate gasoline prices and lower pump prices to $2.50 per gallon.
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