Commodities

Trump Targets Oil Giants for 'Too Much Money' Amid Record Profits

Guavy AI Editorial Team Published August 5, 2026

Instruments

Oil

Oil companies are reporting record profits as higher crude prices boost earnings.

However, President Trump has accused energy giants of making 'too much money' and is demanding they lower gasoline prices instead of cashing in on the recent oil surge.

Florida gas prices have risen to over $4 per gallon in early April 2026 as the war in Iran has affected global oil supplies, leading to higher crude oil costs.

The Wire

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