Gasoline prices primarily hinge on supply and demand principles. This economic rule serves as a foundational element in determining costs. Yet, President Donald Trump appears to challenge this idea.

This week, Trump publicly criticized major energy corporations Chevron and ExxonMobil due to their substantial earnings during the ongoing conflict with Iran. Chevron disclosed record quarterly profits of $12.1 billion, while ExxonMobil reported $14.5 billion, which nearly doubled its profit from the second quarter of the previous year.