First Trump lowered gas prices by fucking up everything on COVID.
He needed to repeat that so he went with tariffs this time
Trump's trade policies contributed the first time. Plus the Saudi vs Russia price war. Meanwhile, American oil companies had ramped up production in anticipation of of high summer demand. Oil prices were absurdly low. 4 years later Trump had the gall to take credit for the resultant low pump prices.
Deja Vous all over again? We don't have a Covid, knock on wood, and US oil companies are rolling back production.
We do have Trump's erratic trade policies distorting supply chains and potentially softening long term demand. Plus an internal OPEC+ price war.