President Donald Trump earlier this month praised a "very smart retailer" called the Freedom Fuel Network in the Philadelphia area for voluntarily lowering the price of gas to $3.47 a gallon, undercutting the state average by about 50 cents.
While the network lists 25 fuel stations throughout Pennsylvania and New Jersey, a review of public records found scant information about the Freedom Fuel Network, and industry analysts have raised doubts that the stations could profitably sell fuel at that price point, with one expert describing the business model as "jumping off a cliff."
"President Trump is leading the charge to lower gas prices this summer -- putting more money in your pocket," the White House said on social media, saying the stations are "lowering the price at the pump to $3.47 for our 47th President."
A White House official told ABC News that the Freedom Fuel Network is a private company not associated with the president, that is "simply reducing their margin to make prices at the pump more affordable for drivers in Philadelphia and New Jersey."
"The Administration is not involved in the company, nor has the Administration given the company any funding. There is no other entity or person subsidizing the lower gasoline costs," the official said.
Full story Trump-promoted discount gas stations fuel a mystery and questions - ABC News
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