#gas

The post Trump Tells Reporters Gas Is ‘Way Down’ — US Pump Prices Say Otherwise – Bitcoin News appeared on BitcoinEthereumNews.com. Key Takeaways Trump claimed gas prices fell “very substantially” on May 8, but AAA data shows they rose to $4.52/gal that day. The U.S.-Iran conflict disrupted roughly 20% of global oil supply, pushing Brent crude past $100/barrel in May 2026. EIA forecasts Brent could peak near $115/bbl in Q2 2026 before easing if the Strait of Hormuz tensions resolve. U.S. Gas Prices Are up $1.40 From Last Year Trump made the claim during a press exchange this week when reporters asked about his Middle East strategy amid pump prices exceeding $4.50 per gallon. He pushed back, telling reporters that gas prices had fallen “very substantially” that day and were “way down.” However, AAA data shows prices held near elevated levels before a 1-cent easing — well short of any substantial decline. The numbers tell a different story. At Trump’s January 2025 inauguration, the natio