Trump Says Oil Prices Dropping as Don Jr. Concedes Gas Prices Are 'High'
Summary
President Donald Trump said oil prices were falling and linked the drop to hopes of a settlement with Iran. At a campaign rally, Donald Trump Jr. acknowledged that gas prices were high. AAA put the national average for regular gasoline at $4.1694 a gallon on Monday, the day before the midterm elections.Key Facts
- Trump said on Truth Social that oil prices had fallen nearly $10 a barrel and that Iran wanted a settlement.
- Trump Jr. told a New York rally that gas prices were high and asked whether Democrats would reduce them by stopping drilling.
- AAA reported a national average of $4.1694 per gallon for regular gasoline on Monday, down from $4.2858 a week earlier and $4.3961 a month earlier.
- Brent crude, an international oil price benchmark, was about $104.23 a barrel on Monday afternoon.
- A YouGov poll of 3,915 likely voters found 41 percent said gas prices were rising a lot in their area, while 25 percent said they were rising a little.
- The YouGov survey ran from October 27 to October 30 and had a margin of error of 1.7 percentage points.
- Trump and Trump Jr. made their remarks on Monday, one day before the midterm elections.
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