"The president meets with energy executives frequently to get their feedback on domestic and international energy markets. Topics included domestic production, progress in Venezuela, oil futures, natural gas and shipping."
"Average U.S. gasoline prices were $4.18 per gallon on Tuesday, per AAA. That's the most expensive since the war began and the highest since 2022."
"The White House has taken steps to ease the price surge, such as waiving the Jones Act, which requires U.S.-built and -owned ships to move goods between domestic ports."
"The de facto closing of the Strait of Hormuz, which handles about a fourth of the world's seaborne oil, has sent prices to multiyear highs."
The White House chief of staff and key officials met with energy executives to discuss domestic production, Venezuela's progress, oil futures, natural gas, and shipping. U.S. gasoline prices reached $4.18 per gallon, the highest since 2022, amid concerns over high prices and limited options to alleviate market shocks. The Strait of Hormuz's de facto closure has contributed to rising prices while increasing demand for U.S. oil and liquefied natural gas exports. Political fallout from high gasoline prices is anticipated for Trump and Capitol Hill Republicans.
Read at Axios
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