Gas prices drop after Iran tensions ease, but Trump says retailers must cut more

Stay up to date with notifications from The IndependentNotifications can be managed in browser preferences.Jump to contentThank you for registeringPlease refresh the page or navigate to another page on the site to be automatically logged inPlease refresh your browser to be logged inAllNewsSportCultureLifestyle(Getty)President Donald Trump has renewed his demand that gasoline retailers immediately lower prices, citing a recent agreement with Iran and declining oil prices.He warned retailers could face “big problems” if they fail to cut prices, suggesting a target of $2.50 per gallon while also criticizing California’s high gas taxes.Gas prices have begun falling after tensions with Tehran eased and shipping resumed through the Strait of Hormuz, with the national average dropping to $3.85 per gallon.Despite the decline, prices remain well above the $2.98 national average before the conflict with Iran, a spike that cost Americans an estimated additional $59 billion at the pump.The president previously accused U.S. oil companies of price gouging and threatened a Justice Department investigation into their pricing practices.In fullTrump again demands gas retailers drop price after Iran war he started sent prices soaringThank you for registeringPlease refresh the page or navigate to another page on the site to be automatically logged inPlease refresh your browser to be logged in

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