Oil prices to drop ‘very big’ after Iran war ends: Trump

In an interview Sunday with Maria Bartiromo of Fox News, US President Donald Trump had said fuel prices could be the same or “maybe a little bit higher” by the November congressional elections.

But in a separate interview with Bartiromo, which was taped on Tuesday at the White House and broadcast on Wednesday, Trump claimed he’d been misquoted and tried to overcome the blowback from his previous comments.

He said he’s happy with oil costing about $92 per barrel. “It’s going to come dropping down very big as soon as this is over,” he said, referring to the war. “And I think it can be over very soon.”

Later in the interview, he predicted that gas prices, now averaging slightly above $4 a gallon, will be “much lower” by the elections.

Speaking again about the war, Trump said, “When that’s settled, gas prices are going to go down tremendously.”