This is before the tariffs EVEN START.
This isn't oil we refine and USE in the US.
This is oil we SELL overseas. We can't refine US oil. We HAVE to sell.
Big Oil is going to LOSE money on their oil and WILL HAVE TO RAISE GASOLINE PRICES TO COMPENSATE.
Ya, Trump did that.
https://www.cnbc.com/2025/04/06/us-crude-oil-falls-below-60-a-barrel-to-lowest-since-2021-on-tariff-fueled-recession-fears.html