U.S. President Donald Trump assured that he has a plan to curb rising oil prices. “You’ll be very happy,” he said in an interview with the New York Post.
“I have a plan for everything (…) You’ll be very happy,” he said during a phone interview on Monday.
Trump did not reveal the details of his plan, but as the newspaper noted, he has several options to choose from. Among them is tapping into the country’s strategic petroleum reserves, something previously urged by Senate Democratic leader Chuck Schumer.
According to Reuters, the president was expected to consider various measures later on Monday aimed at halting the rise in prices. The White House fears that increasing fuel costs could hurt businesses and consumers in the United States, potentially affecting the Republicans’ performance in the congressional midterm elections scheduled for the fall.
A day earlier, commenting on oil prices exceeding $100 per barrel, Trump said that higher crude oil prices in the short term are a very small price to pay for security, adding that only fools could think otherwise. His administration argues that a decline in prices is a matter of “weeks, not months.”