Trump is frustrated gasoline prices don’t mirror oil’s decline. Experts say it’s not that simple
U.S. gasoline prices decreased an average of 49 cents a gallon in the last month as expectations rose for an end to the war with Iran.
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U.S. gasoline prices decreased an average of 49 cents a gallon in the last month as expectations rose for an end to the war with Iran.
Karen Young, a senior research scholar at Columbia University's Center on Global Energy Policy, says Secretary Rubio is visiting Gulf allies to reassure them their interests are represented in the deal - but that it might be a tough sell, amid worries that America's commitment to the Gulf states is "not what it used to be."
President Trump has ordered the DOJ to investigate oil companies over claims they are too slow to lower gas prices despite falling crude costs. Karen Young, senior research scholar at Columbia Universityâs Center on Global Energy Policy, called the move âpolitical theater,â saying thatâs ânot really how gasoline prices workâ in the U.S.
This Energy Explained post represents the research and views of the author(s). It does not necessarily represent the views of the Center on Global Energy Policy. The piece...