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President Trump posted on Truth Social that oil companies are not passing along lower crude prices to drivers and ordered the Justice Department to investigate. National average gasoline prices stood at $3.93 per gallon on Tuesday, down from $4.52 a month earlier.
abcnews.go.comThe post came after the United States and Iran signed a 14-point memorandum of understanding last week that ended the conflict begun in late February and closed the Strait of Hormuz.
Price movement since the war The national average price per gallon reached $3.93 on Tuesday, according to AAA data, compared with $4.52 one month earlier and roughly $3 before the conflict. Trump had previously stated that gasoline prices would reach $2 per gallon soon after the war ended and would drop like a rock once the conflict concluded.
Timeline for price recovery Analyst Rob Smith of S&P Global Energy said traffic through the Strait of Hormuz would take several months to return to pre-war levels even after a lasting peace. Patrick De Haan of GasBuddy projected that prices would fall by about one-third within one to three months and would likely reach pre-war levels in early or mid-2027.
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Nbc NewsPresident Trump canceled the signing ceremony for the 21st Century ROAD to Housing Act on Wednesday. He tied approval to passage of the SAVE America Act, which would add new voting restrictions.
Nbc NewsPresident Trump canceled the scheduled signing for housing affordability legislation on Wednesday morning, stating it would wait until Congress passes the SAVE America Act. The bill had cleared the House 358-32 and Senate 85-5 earlier in the week. House Speaker Mike Johnson said…
President Donald Trump canceled a planned Wednesday signing ceremony for a bipartisan housing bill. He said the event would stay off until Congress passes the SAVE America Act, which he called a national emergency.