Wright told CNN’s “State of the Union” that the waiver can help, “tamp this fear of shortage of oil, tamp the price spikes and the concerns we see in the marketplace.” With the war now in its second week and no end in sight, Americans are grappling with higher prices at the pump, a new complicating factor for the US economy.
As of Friday, the national average price for regular gasoline stood at $3.32 a gallon, up 11 per cent from the previous week and the highest since September 2024, according to data from the motorists group AAA. Diesel was at $4.33, up 15 per cent from a week ago, surging to the highest level since November 2023.
“Short term oil prices, which will drop rapidly when the destruction of the Iran nuclear threat is over, is a very small price to pay for USA, and World, Safety and Peace,” President Donald Trump wrote in a social media post on Sunday night. “ONLY FOOLS WOULD THINK DIFFERENTLY!”