Trump vows gas prices will ‘snap back’ after Iran war
By Victor NavaPresident Trump insisted Friday that gasoline prices will “snap back” and the cost of oil will “drop like a rock” once the Iran war is settled.
“I think we had the greatest economy in history in my first administration, and in the second, I think we're blowing it away – but we had to make a detour,” Trump said in a speech to the Forum Club of the Palm Beaches.
“I'm sorry. We had to make a detour to Iran. Everything will snap back,” he continued.
The president noted gas prices were “down to less than $2” in some areas “just before the little skirmish that is taking place.”
“I believe it'll snap back very, very quickly as soon as – there's so much oil,” Trump continued. “These ships are loaded up with oil they can't get out of the strait … I think we're going to have it solved. I think everyone in this room is going to be very happy and very impressed.”
Later on in his speech he reiterated, “I think most of the people in this room understand that as soon as it's over, [oil prices are] going to drop like a rock.”
“And I think it goes below where it was because there's so much oil.”




