President Donald Trump has floated options to reduce those prices, including suspending the federal fuel tax. But he also has dismissed the economic impact of the war on Americans, saying that his priority is to prevent Iran from accessing nuclear weapons. On Tuesday he said about gas prices: “This is peanuts.”ConservativeWave » 01 Feb 2026, 7:13 pm » wrote: ↑ One of the main reasons gas prices are lower, is that U.S. crude and gasoline inventories have been elevated... NOW, HOW is that accomplished without Donald Trump telling the oil companies (from day ONE) to DRILL BABY DRILL !!Since returning to office in 2025, Trump has pursued a broad deregulatory agenda aimed at boosting fossil-fuel production:
1) The administration has rolled back environmental and climate regulations, opening federal lands and waters to oil and gas leasing and easing permitting requirements for drilling and pipelines (e.g., rolling back Biden-era restrictions on Arctic and Alaska petroleum reserves).
2)These deregulatory actions are reduce costs for producers and encourage higher domestic oil production, which supports higher inventories when production outpaces refinery throughput or exports.
Since returning to office in 2025, Trump has pursued a broad deregulatory agenda aimed at boosting fossil-fuel production...Together, these policies are part of Trump’s broader goal of “unleashing American energy” (i.e. DRILL baby DRILL) and expanding fossil-fuel output, which helps keep the supply side strong relative to demand.