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Trump's mysterious 'Freedom Fuel'
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Plus: A rare annual drop in global oil demand.
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Monday, July 13, 2026
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Gas prices are climbing again. Enter Trump's mysterious 'Freedom Fuel'
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Late last month, President Donald Trump prodded gas stations to lower their
prices "IMMEDIATELY" as a fragile ceasefire with Iran was on the verge of collapse. The possibility of all-out war had threatened to send oil prices upward again and cast a new spotlight on elevated gas prices during the summer travel season.
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Within two days, Trump started promoting a "Freedom Fuel" network of 20 gas stations in Pennsylvania and five in New Jersey. The sticker price for a gallon of gas? $3.479. "This retailer is taking the lead, and others should follow," Trump said in a Truth Social post. He added that
gas prices were falling nationwide but "not as fast as they should be."
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The establishment of the Freedom Fuel network, though, is shrouded in mystery so far. It's unclear who's managing the company and how it receives fuel supplies. White House spokeswoman Taylor Rogers called Freedom Fuel "a patriotic company" that's responding to Trump's repeated calls for lower gas prices. Another White House official maintained that the administration hasn't provided the private company with any taxpayer
funding.
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An entry in the U.S. Patent and Trademark Office only lists a Delaware address as Freedom Fuel's chief headquarters. The application to register the company was submitted on July 1.
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While retail investors chase
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Why? Private credit offers what traditional portfolios increasingly lack: consistent yield potential (Percent's marketplace delivered 14.9% average net returns in 2024), lower correlation to public markets, and shorter investment horizons averaging just 9
months.
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Is Freedom Fuel real relief or a gimmick?
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Yes. It's giving drivers real savings
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No. It's a PR stunt for the midterms
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<!--<![endif]-->
<!--[if mso]><a
href="https://www.ne16.com/t/10971663/222404108/10145667/1/1009235/?abb9e380=NGYzZmQyODYtMmZhOS00YzdjLWFkYzktMzQyOGNhZmI3ZDBl&f5d63f87=REIlMjAwNy0xMw&x=46c89efc" target="_blank" style="-webkit-border-radius: 6px; -moz-border-radius: 6px; border-radius: 6px; color: #FFFFFF; text-decoration: none; font-family: Arial; font-size: 16px; border: none; display: block; ">No. It's a PR stunt for the
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<td align="center" bgcolor="#105C8E" style="text-align:center;-webkit-border-radius:6px;-moz-border-radius:6px;border-radius:6px;font-size:16px;font-family:Arial,Helvetica,sans-serif">
<!--[if !mso]><!-->
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I don't know what Trump is on about
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<!--<![endif]-->
<!--[if mso]><a
href="https://www.ne16.com/t/10971663/222404108/10145668/1/1009235/?abb9e380=NGYzZmQyODYtMmZhOS00YzdjLWFkYzktMzQyOGNhZmI3ZDBl&f5d63f87=REIlMjAwNy0xMw&x=4bb84a84" target="_blank" style="-webkit-border-radius: 6px; -moz-border-radius: 6px; border-radius: 6px; color: #FFFFFF; text-decoration: none; font-family: Arial; font-size: 16px; border: none; display: block; ">I don't know what Trump is on
about</a><![endif]-->
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SK Hynix stock opens at $170 on Nasdaq after a record offering.
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The newly listed shares climbed 14% above their issue price on their first trading day, capping the largest U.S. share sale by a
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Images" style="color:#105C8E" target="_blank" title="Bloomberg / Getty Images">
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<a data-linktext="OpenAI's No. 2
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OpenAI's No. 2 executive steps down due to health issues.
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Product chief Fidji Simo's worsening chronic illness derailed her planned return from an April leave. OpenAI President Greg Brockman and two other executives will absorb her duties amid a wider leadership shakeup.
</div>
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<a data-linktext="Meta enters the AI coding market with a cost-effective model." data-linktype="Normal" style="color:#105C8E" target="_blank">
Meta enters the AI coding market with a cost-effective model.
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Meta priced access at $1.25 per million input tokens and $4.25 per million output tokens, about a quarter of what
rivals Anthropic and OpenAI charge. Meta said the model beats Google's Gemini on agent and coding benchmarks.
</div>
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<a aria-label="Michael M. Santiago / Getty Images" style="color:#105C8E" target="_blank" title="Michael M. Santiago / Getty
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<strong style="color:#105C8E">
<a data-linktext="Goldman Sachs bans
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Goldman Sachs bans employees from betting on prediction markets.
</a>
</strong>
The bank's revised policy bars wagers tied to companies, elections, and economic data. Sports betting, however, is still allowed. The change follows a federal insider-trading case tied to Polymarket bets on search rankings.
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<a aria-label="Saul Loeb / Getty Images" style="color:#105C8E" target="_blank" title="Saul Loeb / Getty Images">
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<strong style="color:#105C8E">
<a data-linktext="Anthropic adds a former Fed chair to its AI oversight board." data-linktype="Normal" style="color:#105C8E" target="_blank">
Anthropic adds a former Fed chair to its AI oversight board.
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Ben Bernanke led the Federal Reserve from 2006-14 and won a 2022 Nobel Prize for his research on financial crises. He joins
the trust as its fourth member to help track how AI shapes the economy and jobs, but won't hold an equity stake.
</div>
</td>
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<tr style="background-color:#EFEFEF">
<td class="td100" colspan="6" height="24" style="background-color:#EFEFEF;width:100%;height:24px;font-size:1px;vertical-align:top;font-family:Arial,Helvetica,sans-serif">
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Oil demand is set to fall for the first time since 2020. The war is to blame again
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Global oil demand is set to fall by one million barrels a day this year, its first annual decline since the COVID-19 pandemic froze the world economy in 2020. The war in the Middle East has choked off crude flows and driven the drop,
the International Energy Agency said.
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Demand ran 4.8 million barrels a day below year-earlier levels in the second quarter before easing to a 1.7 million barrel-a-day shortfall, according to the IEA. It has also climbed off a May low of 97.9 million barrels a day as the Strait of Hormuz, which carries a fifth of the world's oil, reopened.
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<br/>
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Supply took a harder hit than demand ever did. At the war's peak, it wiped out over
14 million barrels a day of global crude flows, the IEA said. Production, not demand, has clawed back to 98.8 million barrels a day. That's still 9.4 million short of pre-war levels.
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<br/>
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The recovery looks fragile. President Donald Trump declared the ceasefire dead last week and revoked the permit for Iranian crude.
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Fighting between American and Iranian forces has since flared up and interrupted
tanker traffic.
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The oil market has little hope of normalizing without durable peace, the IEA said.
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Pay 0% intro APR into 2028
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A long intro APR period can make a real difference when you are trying to pay down debt or plan a larger purchase. The Wells Fargo Reflect® Card, featured by FinanceBuzz, offers 0% intro APR for 21 months from account opening on purchases and
qualifying balance transfers, followed by a variable APR. It also has no annual fee.
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