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Trump said rising gas prices are secondary to the Iran military campaign, even as the national average jumped 27 cents to $3.25/gallon in one week. White House Chief of Staff Susie Wiles warned that failing to address fuel costs could be "catastrophic" for Republicans electorally.
Transcript
00:00It's Benzinga bringing Wall Street to Main Street.
00:02President Trump said he is not concerned about rising U.S. gasoline prices tied to the widening
00:07Iran conflict and said the U.S. military operation remains his priority, according to a Reuters
00:13interview. Trump said prices will drop quickly when the conflict ends and added that higher
00:18fuel costs are less important than the military campaign. Trump's comments mark a shift in tone
00:23after he previously highlighted falling gas prices during his State of the Union address
00:27and at an energy rally in Texas hours before U.S. airstrikes on Saturday.
00:32White House Chief of Staff Susie Wiles and Energy Secretary Chris Wright have engaged with oil
00:37CEOs to explore options to combat rising energy prices. Wiles warned that failing to address
00:43the increases would be catastrophic for Republicans in the elections. Global oil prices have risen 16%
00:49since the conflict began on Saturday. The U.S. national average gasoline price has increased
00:5427 cents in the past week to $3.25 per gallon, according to AAA.
01:00For all things money, visit Benzinga.com.
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