U.S. Treasury Secretary Bessent Urges Gas Retailers to Cut Prices Ahead of Independence Day

U.S. Treasury Secretary Bessent urged gasoline retailers to lower fuel prices ahead of U.S. Independence Day celebrations marking the country’s 250th anniversary this month. According to Jin10, Bessent said he was calling on all gasoline retailers—whether owned by major oil companies, independently operated, or part of international convenience store chains—to demonstrate responsible corporate behavior. He also warned that the Trump administration was closely monitoring the issue, emphasizing the importance of the moment given the 250th anniversary celebrations.