White House says immediate steps can ease gasoline and diesel costs
National Economic Council Director Kevin Hassett announced that domestic measures and recent oil supply changes will quickly lower gasoline and diesel prices.
During a broadcast on a major news channel, Kevin Hassett, director of the White House National Economic Council, said the United States is seeing immediate relief on fuel prices. He explained that the Navy’s opening of the straits has allowed crude oil shipments to resume, though Iranian oil remains excluded, reducing pressure on the market. Hassett noted that President Trump is in talks with foreign leaders to free up more refined gasoline and diesel from European reserves.
He emphasized that these developments are occurring in real time and will bring quick price relief. Additionally, Hassett mentioned that further domestic policy actions aimed at lowering gasoline and diesel costs will be announced next week.
Why it matters
Lower fuel prices can reduce household expenses and boost economic activity.
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