President Donald Trump celebrated rising oil prices Tuesday, saying production cuts by Saudi Arabia secured as part of a global deal among crude producers after a historic price crash would benefit American energy companies. Crude Oil prices going up as Saudi Arabia cuts production levels. Our great Energy Companies, with millions of JOBS, are starting to look very good again. At the same time, gasoline prices at record lows (like a big Tax Cut). The BEST of all Worlds. “Transition To Greatness” — Donald J. Trump (@realDonaldTrump) May 12, 2020 While gasoline prices are far below 2019 levels, they’ve steadily risen in recent weeks. Pump prices averaged $1.77 on April 27, and the American Automobile Association says they’re now $1.85 a gallon. The White House has looked to bolster energy companies during the crisis, which saw energy prices plummet amid collapsed demand from the coronavirus outbreak and […]