Trump blames Democrats and Ukraine for soaring US fuel prices, not Iran war
Summary
President Donald Trump said high fuel prices in the US are caused by attacks on Russian refineries by Ukraine and refinery closures in states led by Democrats. However, oil exports through the Strait of Hormuz have dropped sharply since the US-Israel conflict with Iran began, which also affects global fuel prices.Key Facts
- President Trump blamed Democrats and Ukraine for rising US fuel prices, not the war with Iran.
- Ukraine has attacked Russian oil refineries, damaging more than half of Russia’s refining capacity.
- Oil exports through the Strait of Hormuz have fallen 97% since the US and Israel started striking Iran.
- US gasoline prices rose to an average of $4.36 per gallon, up from $2.98 in late February.
- Some refineries have closed in Democratic-led states like California, reducing local refining capacity by 17%.
- The US and G7 countries agreed to release 100 million barrels of oil and diesel from emergency reserves to help lower prices.
- The US Strategic Petroleum Reserve is at its lowest level since 1982.
- Most Americans surveyed blame President Trump’s policies for rising prices and believe the economy is worse since his return to office.
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