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Any U.S. president would have little to do with this, as the OPEC countries operate independently based on their own production incentives, much to the chagrin of Western leaders.
It’s a politicized country, so every problem must have a political origin. And if you’re the U.S. president when gasoline prices soar above $4 per gallon, you’ve got some explaining to do.
Even adjusting for inflation, gas prices have been considerably higher under Biden. The average Trump price, in 2024 dollars, was $3.18. The average Biden price was $3.86.
President-elect Donald Trump's historic win ... a country that exports approximately 1.7 million barrels per day — which would create a fuel vacuum that could spike gas prices in the short term ...
The tariff on products imported from Canada will cost Americans 15 cents a gallon or more at the gas pump relatively soon. That’s not as much of a price hike as we could have seen.
President-elect Donald Trump's promise to levy strict tariffs -- essentially, taxes and trade penalties -- upon America's trade partners has made many economists, as well as everyday Americans, a...
President-elect Donald Trump is set to overturn a ban on some US exports of liquefied natural gas, or LNG, in a boon for US energy producers. But the move is unlikely to help address the climate ...
Oil and gas prices will likely fall under Trump's proposed tariffs, a Bank of America strategist said. He said tariffs will lead to a trade war, dampening demand and prices in the process.