Commodities
Trump to Meet with Refiners Amid Gas Price Surge Ahead of Midterms
U.S. President Donald Trump is set to meet with major refiners and fuel retailers next week, aiming to tackle high gasoline prices exacerbated by the ongoing Iran war.
The conflict has disrupted global energy markets, pushing up oil and gas prices. U.S. regular gasoline has been above $4 a gallon for some time now, roughly $1 more than a year ago.
Trump's administration is seeking to ease pressure on consumers ahead of November's congressional midterm elections, where the President's approval rating has fallen to 33%, according to Reuters/Ipsos polling.