---
title: "Trump deflects blame for high gas prices, demands Chevron lower costs"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/294718218.md"
description: "Gas prices surged from $2.98 to $4.10 per gallon following Trump's Iran military strike, which briefly pushed crude above $100 per barrel. Despite Trump demanding Chevron lower costs, major oil companies own fewer than 5% of U.S. gas stations and cannot dictate retail prices. Ongoing geopolitical uncertainty from threats of resumed strikes continues to impact market stability."
datetime: "2026-08-03T16:26:41.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/294718218.md)
  - [en](https://longbridge.com/en/news/294718218.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/294718218.md)
generator: "portal-rs"
---

# Trump deflects blame for high gas prices, demands Chevron lower costs

Quick ReadGas prices jumped from $2.98 to $4.10 per gallon after Trump's Iran military strike briefly sent crude above $100 per barrel.Fewer than 5% of U.S. gas stations are owned by major oil companies, meaning Chevron cannot dictate retail pump prices.Ongoing geopolitical uncertainty from Trump's repeated threats to resume Iran strikes keeps a ri...

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> **Disclaimer: This article is for reference only and does not constitute any investment advice.**