Trump says gas prices may remain high through November midterm election

MIAMI, April 12 (Reuters) - U.S. President Donald Trump said on Sunday that the price of oil and gasoline may remain high through November's midterm elections, ​a rare acknowledgement of the potential political fallout from his decision to attack Iran six weeks ago.

It could be, or the same, or maybe a little ‌bit higher, but it should be around the same," Trump, who is in Miami for the weekend, told Fox News' "Sunday Morning Futures With Maria Bartiromo" when asked whether the cost of oil and gas would be lower by the fall.

The average price for regular gas at U.S. service stations has exceeded $4 per gallon for most of April, according to data from GasBuddy. Average U.S. gas prices in February hovered just ​below $3 per gallon, and over the past year never exceeded $3.25 per gallon, according to GasBuddy.

Trump's comments on Sunday came after weeks of asserting that the spike ​in prices is a short-term phenomenon, though his top advisers are cognizant of the war's economic impacts, officials have said...