Trump Says Gasoline Prices Will Drop as War Nears End
US President Donald Trump has said gasoline prices are falling rapidly and could decline sharply once the ongoing war comes to an end. Trump claimed that the conflict would end “very soon” and said the conclusion of the war could lead to a significant drop in fuel prices.
Trump also said the United States is bringing a record amount of oil through the Strait of Hormuz. Referring to disruptions in the global energy market, he noted that Russian oil refineries are being hit “pretty hard,” highlighting the continuing impact of the conflict on energy supplies and prices.
The US President’s remarks come amid continued uncertainty in global oil markets, with geopolitical tensions, refinery disruptions and crude supply flows influencing fuel prices. Any sustained decline in gasoline prices will depend on developments in the war, global crude production and refining capacity.
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