Trump demands gas prices be lowered to $2.50 per gallon

Former U.S. President Donald Trump has publicly called for gasoline retailers nationwide to immediately reduce prices, arguing that current costs are excessive given the price of crude oil. In a message posted on his Truth Social platform, Trump demanded that gasoline be priced around $2.50 per gallon.

Trump asserted that crude oil is trading at approximately $68 per barrel, making the current retail gasoline prices unjustifiably high. He specifically targeted California, urging the state to lower its fuel taxes, which he contends artificially inflate the final cost for consumers.

Recent energy market data indicates the national average for gasoline is around $2.40 per gallon, with significant regional variations. Prices are typically higher on the West Coast, including California, and lower in the southern United States. During periods of heightened geopolitical tension, particularly related to the Middle East conflict, gasoline prices had previously surpassed $4 per gallon.

The article also references a recent development where Iran and the United States agreed on a 60-day roadmap toward a nuclear deal and lasting peace, following a memorandum of understanding that established a ceasefire after over 100 days of war. This agreement also permitted the reopening of the Strait of Hormuz.