‘We’re making a freaking fortune’: Trump touts how much ‘money’ the U.S. is making from the Iran war as gas hits $4.29 a gallon and diesel tops $6
Source: Fortune ·
Eight months into the Iran war, gas has jumped from $2.98 to $4.29 a gallon, while diesel has climbed from $3.76 to $6.35.
From the source
Since launching the war with Iran nearly eight months ago, U.S. President Donald Trump has struggled to quell soaring energy costs, undermining Republicans’ attempt to keep control of Congress in the midterm elections next week. Low gas prices were a key campaign pledge during Trump’s second presidential run. But the energy crisis spawned by the war has left him grasping for solutions and promising that things will get better. The cost of crude oil — the main ingredient in gasoline as well as diesel — has been volatile as markets and consumers feel whiplash about uncertainty of the war’s future. All the while, households are feeling more strain, with cost of living concerns at the top of many voters’ minds going into Election Day on Nov. 3. As of Monday, the national average for a gallon of regular gasoline was $4.29, up from $2.98 before the war. Diesel surpassed $6 last month — a record — and now sits at an average of $6.35 a gallon, up from $3.76 in February. Trump has repeatedly…