Trump Scrambles to Address Record-Breaking Labor Day Gas Prices
Americans are facing the highest Labor Day gas prices on record this holiday weekend. The cost of diesel fuel has hit an all-time high, and jet fuel costs have skyrocketed. This energy sticker shock is putting pressure on the Trump administration to come up with answers ahead of the midterms.
President Donald Trump has taken a flurry of actions in response, including calling refining executives to the White House, unveiling a blockbuster oil deal with Venezuela, and launching new air strikes in response to Iranian attacks on tankers trying to navigate the Strait of Hormuz. The administration has also eased regulations to speed up deliveries of fuel.
The high gas prices are a blow to President Trump's campaign promise of affordable energy. Americans will likely pay the highest prices for Labor Day gas since records began, adding to the economic pressure on voters ahead of the midterms.