President Donald Trump’s gas price-cutting initiative is raising more questions than answers after estimates suggested the discounts could wipe out profits for participating stations.
As the White House touts its “Freedom Fuel Network” stations as providing relief to Americans struggling with high gas prices caused by Trump’s war with Iran, industry experts who spoke to ABC News described the business model as akin to “jumping off a cliff.”
In a Truth Social post last week, Trump announced that “a VERY smart Retailer” would cut gas prices at 25 stations across the Northeast and urged other businesses to follow suit.
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