Donald Trump’s administration has indicated a desire to see crude prices fall to $50 a barrel or lower but the benefit for US consumers risks throttling the same oil industry the president wants to expand.
On the campaign trail Trump repeatedly talked about very low gasoline prices of $1.87 a gallon — equivalent to about $20 a barrel for crude — as “a perfect place, an absolutely beautiful number”.
The debate over what oil price the US president is seeking has hardened in the past week after Peter Navarro, one of his trade advisers, suggested that if oil fell to $50 a barrel it would help tame inflation.
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