Trump Teases Potential Gas Price Spike Amid Military Tensions
US President Donald Trump recently made comments on gas prices at a White House event. He stated that his administration had taken decisive action to help keep oil prices down, but then admitted that they have 'pretty much stabilized'. However, just five months later, he warned American consumers about the possibility of renewed volatility in oil prices.
In remarks made in Las Vegas, Trump said, 'We may have to send it up again. We may have to, you know what happens when we send it up.' He implied that additional combat operations in Iran could push prices higher.
This comment comes after Trump told Fox Business that oil prices would be a 'yo-yo', fluctuating between increases and decreases. His remarks also highlight his control over gas prices, which he has shown a willingness to manipulate for political purposes.