NEWSMAX
Trump Presses US Retailers, Gas Stations to Slash Prices
VIDEO
By Jim Thomas | Saturday, 11 July 2026 02:36 PM EDT
President Donald Trump is leaning hard on major U.S. companies to cut consumer prices, recently warning gasoline retailers of "big problems" if they didn’t reduce the price of gasoline commensurate with the price of crude, while crediting Walmart for its summer rollback of thousands of prices, as inflation sits at a three-year high and Republicans brace for a difficult midterm.
The requests have intensified as annual inflation climbed to 4.2% in May, the sharpest 12-month reading since April 2023, driven mostly by an energy shock tied to the U.S. war against Iran.
Gasoline prices alone were up 40.5% year over year, according to the Bureau of Labor Statistics.
In a June 30 Truth Social post, Trump ordered gasoline retailers to bring their prices down "IMMEDIATELY," told them to "start targeting around the $2.50 a Gallon number," and warned that "big problems lie ahead" if they didn’t reduce the price of gasoline commensurate with the price of crude oil.
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READ MORE: https://www.newsmax.com/newsfront/trump-economy-price/2026/07/11/id/1262514/
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