business ⛽ Trump's gas deal hype vs. reality check ⛽
Donald Trump is promoting a Venezuela oil deal as a massive win for lowering US gas prices for American drivers. This supposed agreement grants the US control over over 65 billion barrels of Venezuelan oil reserves. However, Venezuela currently produces only about 1.25 million barrels daily, far from meeting global demand. The country's decaying infrastructure and heavy crude make swift production increases highly unlikely before the November 3 elections. Consequently, the immediate impact on US gasoline prices is expected to be minimal.