All posts tagged "Gas Prices"

President Donald Trump's boast that allies agreed to a "massive" fuel release falls apart on close inspection, according to an economist.

Justin Wolfers, an economist at the University of Michigan, argued in an article for his Platypus Economics newsletter on Tuesday that the 100 million barrels of oil and fuel the Group of Seven pledged last week are largely what's left over from an emergency release promised in March.

Trump posted on Truth Social on Friday that Europe had agreed to release a "massive amount" of diesel right away, casting it as a concession won in exchange for dropping his threat to ban U.S. diesel exports....

CNN's chief data analyst was stunned by the way a MAGA senator brushed off mounting concerns about rising gas prices.

During a Tuesday segment, Harry Enten reacted to a clip of Sen. Tommy Tuberville (R-AL) defending President Donald Trump as gas prices hurt voters ahead of the midterms.

"Obviously, gas prices are high. They've been high before," Tuberville said. "People will deal with that. They know it's going to go up and down. But, you know, our people in Alabama know that. They voted for President Trump."...

President Donald Trump's eldest daughter is drawing online scorn after posting a video of herself enjoying an oceanside horse ride.

On Monday, Ivanka Trump posted the video of her racing a horse on the beach in front of a setting sun and scored it to "Viva la Vida" by Coldplay. Commentators gave more than an online roll of the eyes as they blasted Ivanka for posting the video while her father presides over high gas prices and a troubled economy.

In a post on X, political journalist Carla Marinucci described the video as the "2026 version" of Marie Antoinette's "Let them eat cake."...

Energy Secretary Chris Wright took to Fox News Monday to boast about the amount of vessels currently transiting the Strait of Hormuz, but quickly pivoted to attacking the Biden administration and blaming Democrats after being issued a blunt reality check.

Wright boasted that 30 vessels had transited the Strait of Hormuz Sunday amid the ongoing U.S. war against Iran that’s caused severe disruptions to the critical waterway, and bragged that the United States was “continuing to get oil and gas and other critical products” out of the channel.

“So even if the numbers were 30 ships per day, that's still down from a pre-war high of about 130 ships per day,” noted Fox News host John Roberts. “When can we expect to see the traffic increase back up to pre-war levels?”...

CNN anchor Jake Tapper highlighted a moment from President Donald Trump's speech on Friday that could serve as an attack ad for Democrats ahead of the midterms.

Trump said he would "never apologize" for higher gas prices even though Americans are struggling to pay for rising costs at the pump during a speech at the David S. Mack Center for Training and Intelligence in Garden City, New York. Trump touted his crackdown on crime and the ongoing Iran war at a campaign rally with Republican gubernatorial candidate and Nassau County Executive Bruce Blakeman.

Tapper commented on the president's remarks....

Conservative CNN pundit Scott Jennings was quickly fact-checked as he tried to convince panelists that Trump has lowered gas prices.

During an appearance on a panel hosted by CNN anchor Abby Phillip, Jennings flatly stated that "gas is lower today than when he took office," referring to Trump.

"No, it's not," Phillip shot back. She had to repeat herself as Jennings continued trying to make the assertion....