Trump Blames Ukraine For Gas Prices

President Donald Trump said rising U.S. gasoline prices were being driven by Ukrainian attacks on Russian refineries and refinery closures in Democratic-led states, not the Iran war’s disruption of the Strait of Hormuz. The U.S.-Israeli war with Iran began on February 28, and disruption to the Strait, which normally carries about one-fifth of the world’s oil, has constrained global supplies. Trump said record oil volumes were again moving through the Strait, while Ukraine was damaging Russian refineries and states such as California were closing plants. The U.S. average gasoline price was about $4.36 per gallon, up from about $2.98 when the war began.