Trump Demands Oil Giants Lower Fuel Prices Amid Election Pressure
US President Donald Trump has called on major oil companies to lower fuel prices for American consumers. In a series of social media posts, Trump criticized Chevron CEO Mike Wirth for failing to acknowledge his administration's efforts to support the oil industry.
Trump pointed out that without his administration's support, oil companies like Chevron would not have been able to return to the Venezuelan market and reap huge profits. He also noted that global oil prices fell sharply after he called off a planned attack on Iran over the weekend, but this drop is not immediately reflected in fuel prices at gas stations.
The Trump administration has been under pressure from rising fuel prices and the cost of living ahead of November's elections, where Republicans could lose their majority in the House of Representatives and control of the Senate.