Wednesday, August 5th 2026 - 08:22 UTC
In the US amid a backlash over prices at the pump, the national average price of regular gasoline stood at about US$4.09 per gallon on Monday, according to AAA.
This Monday President Donald Trump demanded that U.S. oil companies immediately lower gasoline prices after crude futures plunged following his decision to suspend another planned military strike on Iran. In a Truth Social post, Trump instructed producers to “get your consumer (retail!) Oil Prices DOWN, NOW!”
In piece by Charles Kennedy from OilPrice, Trump singled out Chevron CEO Mike Wirth after the executive appeared on television discussing the company’s business. Trump said Wirth failed to acknowledge the administration’s role in restoring Chevron’s position in Venezuela.
“They threw Mike and Chevron out of Venezuela, but now they’re back, far bigger and stronger than ever before, expecting to make a fortune,” Trump wrote.
