Yes
He is.
No
He isn’t.
Americans are once again keeping a close eye on energy prices after oil markets moved higher, raising concerns that gasoline and diesel costs could increase in the weeks ahead. Rising oil prices often affect household budgets by increasing transportation expenses and, in many cases, pushing up the cost of goods and services across the economy.
There are many factors that influence oil prices, including global supply and demand, production decisions by major oil-producing nations, international conflicts, severe weather, and expectations about future economic growth. While presidents often receive praise or criticism when gas prices change, energy experts generally note that oil markets are influenced by events occurring around the world, many of which are outside the direct control of any U.S. administration.
President Donald Trump has consistently supported expanding domestic energy production and reducing regulations on the oil and natural gas industries. Supporters argue that increasing American energy production helps strengthen energy independence and can reduce long-term price pressures. Critics counter that global market conditions still play the largest role in determining prices consumers ultimately pay at the pump.
With inflation remaining an important issue for many families, any sustained increase in oil prices could quickly become a political issue. Lawmakers from both parties are expected to debate the best path forward to help keep energy affordable while ensuring reliable supplies.