Trump has 'failed to address' the real problem by using the 'wrong' oil price: expert
alternet.org • • nation
Key Points:
- Since the war against Iran began, disruptions in oil supply due to the Strait of Hormuz closure and attacks on regional oil facilities have driven up gas prices significantly.
- President Trump has focused on the price of West Texas Intermediate (WTI) crude oil, aiming to keep it below $100 a barrel, but experts argue this metric does not reflect the true economic impact on consumers.
- Refined petroleum products like gasoline and diesel, which Americans actually use, have seen price increases up to 120%, far outpacing the 60% rise in WTI crude oil prices due to additional refining costs and supply disruptions.
- The rising costs of fuels such as gasoline, jet fuel, and diesel are driving up expenses for consumers,
