U.S. President Donald Trump on the 29th, local time, again urged gas stations in the United States to immediately cut gasoline prices, citing the drop in global oil prices after the signing of a memorandum of understanding (MOU) to end the war with Iran.

U.S. President Donald Trump. /Courtesy of Yonhap News

Trump wrote on the social media platform Truth Social that "gas stations must lower prices immediately," adding, "Crude prices have fallen to about $68 a barrel, yet gasoline prices are still far too high."

He added, "Gas stations should respond quickly to this statement and do the right thing," and "Lower prices for the great American people." He warned, "If gas stations do not carry this out, they will pay a heavy price going forward."

On the 24th, he also expressed displeasure that the drop in global oil prices was not being quickly reflected in consumer prices and instructed the Ministry of Justice to investigate the matter.

That day, he presented a target gasoline price of $2.50 per gallon in the United States.

Aiming at California, where gasoline prices are relatively high, he argued, "Excessive gasoline taxation must stop," adding, "Soon the tax will become more expensive than the gasoline itself."

He added, "The United States will not tolerate this, and neither will California residents who are crushed by absurd taxes and state government policies."

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