Trump Addresses National Energy Costs
President Donald Trump is clarifying the situation regarding national energy prices, attributing the increase in fuel costs to the failed policies of the former administration. He made these comments on Truth Social on Monday.
Trump specifically noted that former President Joe Biden’s administration is to blame for the rising prices. “I hope everyone realizes that price increases throughout America were caused by Sleepy Joe Biden and the Biden Administration, not by ‘TRUMP,’” he remarked. He added that “even oil was higher under Biden than it is right now” and expressed confidence that oil prices would eventually drop significantly after the current military conflict with Iran is resolved.
Currently, prices for gas and diesel have seen some fluctuations, with the national average at approximately $4.31 for regular unleaded and $6.23 for diesel, according to AAA. However, these figures remain lower than the record spikes that were recorded in 2022 under Biden’s leadership. Despite ongoing tensions in the Middle East affecting global energy markets, the price of crude oil has decreased to around $101 per barrel, well below the peak of $112 in April.
Trump suggested that the recent surge in energy prices is a temporary issue that will resolve itself as stability returns. He highlighted his administration’s diplomatic efforts, particularly mentioning the agreement between Moscow and Kyiv to stop strikes on essential energy infrastructure, which aims to protect global energy supplies from severe disruption.
While there’s no set timeline for the conclusion of the U.S.-Iran conflict, Trump expressed optimism last week that it wouldn’t extend much longer than the midterms. “I think the war is going to end immediately after the election because they can’t hold out any longer. They’re desperate to try and affect the election,” he noted during a press briefing.
On Monday, Trump reiterated his belief that “Iran wants to make a deal,” signaling that the U.S. remains open to negotiations, although he remarked that the ultimate decision rests with Washington.
