Trump Weighs Several Options to Tame Surging Gasoline Prices

President Donald Trump is mulling a menu of possible options to combat surging oil and gasoline prices in the wake of the Iran war, according to people familiar with the matter.

The deliberations come as crude soared past $100 per barrel at one stage on Monday before erasing its gains in volatile trading. Average US retail gasoline prices rose to their highest since August 2024.

Measures discussed by Trump administration officials in recent days include the release of emergency stockpiles, a halt to the collection of the federal gas tax and the US Treasury Department’s involvement in the oil futures ...