US President Donald Trump has voiced a new version of the causes behind the global rise in fuel prices, expanding the list of factors affecting the energy market. While the American leader previously blamed infrastructure strikes exclusively, the US Democratic Party has now been added to the main culprits, as its internal policy reportedly leads to a shortage of refining capacities.
New Accusations from the American Leader
In a recent statement published via monitoring services on the social network X, Donald Trump emphasized that the current rise in gasoline and diesel prices is not related to logistical difficulties in the Strait of Hormuz. According to him, oil production and supplies to world markets are currently at record levels almost daily, which rules out a crude oil shortage as such.
Instead, the head of the White House shifts the blame to technological and political factors within the refining industry. In particular, he stated that Russian oil refineries are suffering from Ukrainian attacks, while American enterprises are purposefully being shut down by members of the Democratic Party in so-called 'blue' states, including California.
Contradictory Data
It is worth noting the serious contradictions in the public rhetoric of the US administration and the expert assessments of energy market analysts. On the one hand, Donald Trump consistently argues that Ukrainian strikes on Russian refineries are provoking a global diesel shortage, urging Kyiv to halt such operations. On the other hand, independent economists and market participants point out that the impact of local incidents on refineries is compensated by global macroeconomic trends and OPEC+ production volumes, while domestic prices in the US depend more on tax policy and seasonal demand than on the decisions of local authorities in individual states.
Consequences for the Energy Market
Such statements by the US President create additional tension both in the international arena and in domestic political struggles ahead of upcoming election cycles. Critics note that attempts to find external and internal scapegoats distract attention from systemic energy security issues and the transition to alternative energy sources. Meanwhile, the market continues to respond to each such statement with volatility in oil and petroleum product futures quotations.
