Trump is meeting with oil company CEOs to raise gas prices he just celebrated as a ‘massive tax cut’
10 million newly unemployed Americans and the President is working hard to raise, yes I said raise, the price of gas for every American.
President Trump is meeting at the White House on Friday with the top executives of some of the largest U.S. oil companies to discuss ways his administration might support the oil and gas industry amid an oil crash. On Thursday, Trump tweeted that he had spoken with the leaders of Saudi Arabia and Russia — whose price war combined with a sharp drop in demand due to the coronavirus pandemic to tank oil prices — and expected them to cut production, which “will be GREAT for the oil and gas industry!” Indeed, oil prices shot up after Trump’s tweet and continued rising early Friday.
But higher oil prices mean higher gas prices for consumers, as CNN political analyst Joe Lockhart noted.