Axios partially blamed President Donald Trump Tuesday for a recent uptick in U.S. gas prices after warning readers against accusing any one person for high gas prices.
“At an average of almost $3 a gallon, pump prices are 60 cents more than last Memorial Day and the highest in four years,” Axios’ Amy Harder wrote in an article Tuesday, referring to a recent increase in gas prices. She then offered several possible reasons for the spike in prices.
“Economists agree that no person or action can single-handedly affect pump prices over time, which are largely driven by a global oil market,” she noted before blaming Trump and others for the increase. “That doesn’t mean we can’t indulge in the human condition of blame.”
Trump’s decision to withdraw from the Iran nuclear deal and re-impose sanctions on Iran’s oil supply is likely pushing global oil prices higher, Harder stated. She cited Rapidan Energy Group President Bob McNally, who claimed dinging the deal could add 10 cents a gallon to gas prices. (RELATED: Higher Gas Prices Are Eating Away Americans’ Tax Cuts)
Prices at the pump have been rising steadily since late 2016 when OPEC decided began curbing oil production to contend with a glutted market. That is the main driver of rising prices, experts say.
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