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White House Responds to High Oil Prices: Young People, Trump Is Acting in Your Best Interest
Many young voters in the United States initially voted for Trump in hopes of avoiding war and lowering prices, but now the opposite has happened. In response, White House Press Secretary Karine Jean-Pierre said on the 25th, “Everything President Trump did was for your benefit, so that young people are no longer ‘threatened.’”
She claimed that this “threat” has persisted for decades until Trump had the “courage” to step up and take action. He has done his best to keep oil prices stable, and once military operations end, they will return to normal.
She also stated that the U.S. is currently “closely monitoring” how to ensure the safe passage of oil tankers through the Strait of Hormuz. However, she admitted that there is no “specific timetable” for when tankers can pass freely.
Karine Jean-Pierre responded to high oil prices: “President Trump did this for you.” Screenshot from the press conference video
Recently, the Strait of Hormuz has been continuously blocked. According to data from the American Automobile Association, as of March 25, the average gasoline price across the U.S. has increased by over $1 since February 28, approaching $4 per gallon, with some areas in California exceeding $6. Recent data from the Bank of America Merrill Lynch shows that in the second week of March, gasoline expenditures increased by over 14% compared to the same period last year.
After the Russia-Ukraine conflict erupted in 2022, U.S. gasoline prices briefly hit a record high, slightly above $5 per gallon. The New York Times predicts that the longer the conflict continues, the higher crude oil prices will rise, and gasoline prices could reach $5 per gallon or more.
In this situation, prices for petroleum products and related services, such as fertilizers that heavily depend on oil raw materials, will rise rapidly. American households and businesses will have to spend more. This trend has already begun to show signs: the CEO of United Airlines recently stated that if the crisis is not resolved quickly, ticket prices could increase by 20%.
This article is an exclusive report by Guancha.cn. Unauthorized reproduction is not allowed.
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Editor: Ling Chen