Trump says U.S. gas prices may return to prior record lows soon

The comment links fuel prices to the aftermath of what he called a very successful 'excursion' in Iran, signaling a focus on consumer energy costs and geopolitical fallout.

Summary

President Trump said gas prices will soon return to the record low levels Americans had seen at the pump before what he described as a very successful “excursion” in Iran. The remark ties domestic fuel-cost expectations to developments around Iran, a key oil-producing region whose tensions can influence global crude markets and, in turn, retail gasoline prices.

Terms & Concepts
  • gas prices: Retail prices consumers pay for gasoline.