Trump tells oil companies to ‘get retail prices down now,’ criticizes Chevron CEO Mike Wirth
With crude prices now retreating following Trump's decision to hold off on military action against Iran, the President is urging oil companies to pass on the benefits of lower input costs to American motorists.
On Monday, August 3, US President Donald Trump urged oil companies to reduce gasoline prices for American consumers, directly addressing Chevron CEO Mike Wirth. Trump attributed Chevron's success to his administration's role, criticizing Wirth for omitting this in a recent television interview. Trump highlighted Chevron's resurgence in Venezuela as proof of the administration's achievements.
He called for immediate reductions in retail gasoline prices, acknowledging that global crude oil costs have fallen, but noting that such reductions take time to reflect at the pump due to various factors. Trump's plea arrives amid politically sensitive cost-of-living concerns as the November midterm elections approach.
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