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Commodities

Trump Accuses Oil Companies of Price Gouging as Gas Prices Soar

Guavy AI Editorial Team
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Oil
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Gas prices have been rising in Florida to over $4 per gallon since early April 2026, due in part to higher crude oil costs stemming from global supply disruptions. The war in Iran has had a significant impact on oil supplies, leading to increased crude oil prices.

Oil companies are reporting record profits as a result of the higher crude prices, but President Trump is accusing energy giants of making too much money and demanding they lower gasoline prices instead of cashing in on the recent oil surge.

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