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Woofun AI reports that Donald Trump has directed gasoline retailers to lower prices to $2.50 per gallon, asserting that crude oil costs have fallen to $68 per barrel and are continuing to decline. He warned of "big problems" if stations fail to adjust pricing immediately, shifting focus from Federal Reserve pressure to direct market intervention.
AAA data indicates the current average regular gasoline price is $3.85 per gallon, a decrease from $4.36 a month ago but an increase from $3.19 during the same period last year. US inflation remains at 4.2% as of May, significantly above the Federal Reserve's 2% target, with fuel prices surging 58.9% over the past year due to supply disruptions. The Supreme Court recently ruled 5-4 that Trump's attempt to dismiss Fed Governor Lisa Cook was illegal, reinforcing central bank independence.