Experts doubt Trump's fuel moves and $150 million supply push will lower prices

The short version

• President Trump said his administration will invoke the Defense Production Act to spend $150 million on gasoline and diesel production.[CBS News]
• Patrick De Haan of GasBuddy told CBS News the move is unlikely to lower fuel prices, partly because the U.S. already produces more fuel than it needs.[CBS News]
• The Guardian reports gasoline at $4.29 a gallon, over $1.25 above 2025, and attributes higher energy prices to the US war on Iran.[The Guardian]

Key facts

• The Guardian reports gasoline at $4.29 a gallon, up more than $1.25 from 2025, and diesel at $6.30 a gallon.[The Guardian]
• The Guardian reports that energy prices are higher because of the US war on Iran, which it says closed the Strait of Hormuz.[The Guardian]
• Ed Hirs, an energy fellow at the University of Houston, says Trump's recent moves to lower fuel prices will have no impact.[The Guardian]
• President Trump said on Thursday that his administration will invoke the Defense Production Act to spend $150 million to boost gasoline and diesel production in the U.S.[CBS News]
• Patrick De Haan of GasBuddy told CBS News that invoking the Defense Production Act is unlikely to have any impact on fuel prices.[CBS News]

Sources

Outlet counts describe coverage, not independent confirmation. Reports may share a wire service or original source.

• Too little, too late: Trump takes on gas prices as fuel costs hamper his midterm hopesThe Guardian - US
• Trump says new fuel supply push will lower prices. Will it work?CBS News - US