Rep. August Pfluger (R-TX) expressed enthusiasm for President Donald Trump prioritizing U.S. energy, arguing that the president is working to cut “red tape” hampering the energy industry.
The president just signed Pfluger’s Congressional Review Act that sought to reverse former President Joe Biden’s natural gas tax, which Pfluger argued is the first step that is to come from the Trump administration. Going forward, Pfluger underscored the importance of energy companies not “competing with Uncle Sam” to do business, and predicted this is what the administration is working toward.
“It’s going to enter us into a new era of energy, and with the incoming AI data centers and the technology that you’re seeing, the demand for electricity is only going to increase,” Pfluger assessed on Fox News’s Sunday Morning Futures with Maria Bartiromo, guest-hosted by Jackie DeAngelis. “In some cases, people are predicting as much as double.”
Pfluger also addressed the oil industry and the current price of oil, in which a “predictable” landscape is needed to truly succeed. He explained that consumers can expect somewhere between $65 to $85 per gallon, adding that this predictability allows people to feel confident enough to invest.
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The price of oil decreased by about 8% on Friday morning, close to $60 a barrel. The drop comes only a few days after the Trump administration announced a series of tariffs, which included a baseline 10% tariff on all exports to the United States.
On Friday, the national average price for a gallon of regular gas rose to $3.268, marking the third straight Friday that fuel costs increased. The price of gas has also gone up since Trump’s first full day in office, in which the price was at $3.126 per gallon.