Trump's claim of reducing gasoline prices when Brent crude oil prices were above $100 remains to be verified
2026-09-24 22:32:06
According to CoinMeta, Trump expects gasoline prices to fall, but the price of Brent crude oil remains above $100. Brent crude oil futures were trading at $105.40 per barrel at 08:03 on September 24, up 2.25%, while negotiations between the US and Iran are progressing slowly. Meanwhile, the national average gasoline price reached $4.48 per gallon, an increase of about 38 cents from $4.10 a month ago. Despite Brent crude oil prices being above $100, it is still possible for gasoline prices to drop. However, sustained price reductions require more than just the president's predictions. Trump links the reduction in fuel prices to ending the war with Iran and suggests that Americans may have to wait until after the mid-term elections in November to see a price decrease. The recent rebound in oil prices indicates uncertainty; Brent crude oil touched $97.36 on Tuesday and closed at $103.08 on Wednesday. Changes in gasoline prices are influenced not only by crude oil prices but also by refining costs, distribution, marketing, and taxes.
Source:Coinpaper
This content is for market information only and does not constitute investment advice.
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