President Donald Trump has hinted that oil prices could increase before November's midterm elections, suggesting they could go "a little bit higher". This comes after President Donald Trump was questioned by Fox News anchor Maria Bartiromo about the impact of a naval blockade on ships coming into and out of the Strait of Hormuz on oil prices. Despite claiming that his economic advisors and the president's lack of expectations about a price reduction, he seemed cautious and hopeful. The president also mentioned that the price of oil and gas hasn't risen as much as he thought, but insisted that Iran had a nuclear weapon. The national average gas price is currently at $4.10 per gallon, up from just over $2.90 in early March.