Will Trump's Venezuela oil deal lower U.S. gas prices? Here's what experts say.

Energy,Oil,Oil Prices,Global Oil Supply,Oil Production,Venezuela,Donald Trump,Gas Prices

Posted on AllSides September 1, 2026

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Analysis

President Trump on Friday said a U.S. deal with Venezuela to tap its oil reserves "will substantially lower Gas Prices for all Americans, long into the future." With the average U.S. gas price still above $4 a gallon nationwide, American consumers may be wondering if help is on the way.

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