U.S. Treasury Secretary Scott Bessent urged gasoline retailers to lower prices as the U.S. celebrates its 250th birthday, reinforcing President Donald Trump’s message with a warning that “we’re watching.”
Gas Prices Under Scrutiny
Bessent reprised his boss’s threat to gas stations to lower prices immediately or face “big problems.” If retailers don’t comply, Bessent said the Trump administration expects gas prices to follow suit, given the recent drop in global oil prices after the signing of an initial agreement this month.
Consumers have raised concerns over high gasoline prices, as the president and his fellow Republicans battle to hold narrow majorities in Congress in November’s elections. The U.S. Treasury Secretary’s call to action comes as the country prepares to celebrate its founding 250 years ago, marked by the July 4th holiday.
Original reporting: Appleton, WI News Feed (HLL/CB) — read the source article.
