US President Donald Trump has claimed that fuel prices will fall rapidly if the United States wins the ongoing war against Iran. According to Trump, the price of gasoline at US pumps could drop to $3 per gallon and may eventually fall below $2.

According to Al Jazeera, Trump made the remarks in a post on his social media platform Truth Social. He said gasoline prices at US pumps would quickly fall to $3 per gallon and could subsequently drop below $2. One gallon is equivalent to approximately 3.8 litres.

Alongside his prediction of a sharp decline in oil prices, Trump again claimed that Iran “will never have a nuclear weapon.”

The ongoing conflict involving the United States, Israel and Iran has placed significant economic pressure on American citizens. Meanwhile, diesel prices at US pumps have recently reached record highs.

Diesel is widely used in commercial transportation, including trucks, trains, ships and buses, as well as in vehicles and machinery used in agriculture and construction. As a result, higher diesel prices have significantly increased costs across the transportation and production sectors.

According to the BBC, the American Automobile Association (AAA) said at the beginning of this week that the average price of diesel in the United States currently stands at $5.85 per gallon. At the same time last year, the average price was $3.71.

The latest diesel price has surpassed the record reached during the surge in fuel prices following Russia’s invasion of Ukraine. Wholesale oil prices began rising sharply after the conflict with Iran started in late February.

Against this backdrop, Trump has repeatedly promised to significantly reduce fuel prices to ease pressure on American consumers. He recently also announced a major oil deal with Venezuela as part of efforts to address the crisis.

Venezuela’s interim President Delcy Rodriguez said a new agreement was signed between the two countries last Saturday. Under the deal, 17 strategic oil fields will be developed, with estimated reserves of around 65 billion barrels of oil.

The project is expected to attract more than $100 billion in investment. Through the project, Venezuela is expected to receive more than $209 billion in tax revenues.