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August 3, 2026
Trump Urges Oil Companies to Reduce Gas Prices Amid Rising Costs
- President Trump called on U.S. oil companies to reduce gasoline prices, stating they have made 'too much money' from high oil prices linked to the Iran war.
- He specifically criticized Chevron and ExxonMobil for their profits and urged them to lower retail prices for consumers.
- Trump's comments come as U.S. gasoline prices remain above $4 a gallon, significantly higher than pre-war levels.
3 Sources
- Why Trump is lashing out at Chevron amid profit windfallAug 3, 2026 at 7:03 PM · Washington Post
- Trump renews call for oil companies to cut gas prices as he blasts Chevron CEOAug 3, 2026 at 7:26 PM · Independent
- Trump says oil companies should cut gas prices after making "too much money"Aug 3, 2026 at 9:12 PM · CBS News