Trump Reveals What Is Driving Up Gas Prices
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President Donald Trump says the reason gasoline prices are rising is no longer the Strait of Hormuz, pointing instead to growing problems with refineries.
In a post, Trump said record numbers of barrels are now coming out almost daily, but argued that refinery disruptions are driving gasoline prices higher—citing Ukrainian attacks on Russian refineries and refinery closures in blue states such as California.
What’s driving up Gasoline is no longer the Strait of Hormuz, because Record Numbers of Barrels are coming out now on an almost daily basis, but the word, “Refineries,” where Russia’s are being blown up by Ukraine, and where ours are being closed up, in Blue States, like California, by the Dumocrats. President DONALD J. TRUMP
As of last week, oil exports from the Gulf reached 72% of pre-war levels, according to analysts.
Iran is struggling under the US Navy blockade.
The oil is flowing again in the Persian Gulf — even as Iran is choking on fumes.
Oil exports from the region have rebounded to 72% of pre-war levels and crude flow through the Strait of Hormuz is now a little under half what it was before the war, according to analysts.
Meanwhile, Iran appears to be running on fumes, according to US officials — who say the country is being “strangled” by the US Navy blockade that has locked out Iran’s ports and caused its trade to free fall.
US officials told The Post that as oil exports continue to increase, America’s negotiating ability only increases.
Iran’s oil minister also resigned amid the US blockade.
Iran’s oil minister, Mohsen Paknejad, has resigned, with state media saying President Masoud Pezeshkian accepted his resignation.
Hamid Bovard, head of the state-owned National Iranian Oil Company, was appointed acting oil minister. The reason for the resignation was not immediately clear. His departure comes as Iran’s oil sector faces pressure from U.S. sanctions and the naval blockade.
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