President Donald Trump Sparks 10% Oil Price Plunge With CBS Remark, Easing Pain For Motorists

A statement by U.S. President Donald Trump triggered a sharp market reaction that Auto Moto says led to a near 10% plunge in oil prices, with the outlet noting the announcement “therefore had a major effect on the oil market” and that “oil prices plunged 10% after the U.S. president’s remarks.”

“Will fuel prices fall in the near future”

Auto Moto

The article also cites reporting from l'Opinion that quoted a source saying Trump “has reached a point where they are thinking about the cost … about the markets,” linking the president’s comments directly to traders’ recalibration of risk and cost.

Auto Moto

Auto Moto frames the price move as an immediate market response rather than a long-term shift, describing the drop as rapid and tied to the statement’s timing.

The magnitude of the move was stark: Auto Moto recalls that oil prices had surged earlier, rising “30% in just a few hours on Monday,” before reversing course and dropping “nearly 10%.”

The piece gives concrete price points for the earlier spike—“The price of a barrel of Brent even reached $119.50, while WTI climbed to $119.48 — a first since 2022”—underscoring the scale and volatility of the swings within a short window.

Auto Moto

Auto Moto presents the reversal as erasing much of the earlier spike, portraying the market as rapidly repricing supply and demand expectations.

Auto Moto emphasizes the direct transmission from crude markets to pump prices in France: “This can have major effects on pump prices,” the article warns, and cites Carbu.com data showing the “average diesel price in France rose above the €2/l mark on Tuesday, March 10, 2026.”

“Will fuel prices fall in the near future”

Auto Moto

The outlet gives the precise day-to-day movement — “The average diesel price stood at €2.021/l on Tuesday, March 10, compared with exactly €2.00/l on Monday, March 9” — and shows the range consumers faced that day with “The maximum price was €2.60/l, while the minimum was €1.759/l today.”

These figures illustrate how international oil volatility quickly filters into retail fuel costs for motorists.

Beyond immediate numbers, Auto Moto frames the 10% drop as “a promising early sign of a return to normal for fuel prices,” suggesting potential relief for motorists if the move holds.

The outlet repeats that “a statement by Donald Trump could tip the balance in favor of motorists,” linking political signals to practical consumer outcomes.

Auto Moto

At the same time, Auto Moto’s coverage implicitly flags continued volatility by documenting the rapid 30% rise followed by the sharp fall, indicating that any relief may be fragile and dependent on further market developments and geopolitical news.

The reporting leaves two points ambiguous: Auto Moto attributes some of its claims to l'Opinion and Carbu.com but does not reproduce the full original context of the president’s remarks or the l'Opinion sourcing, so the precise medium and wording of Trump’s statement are not shown in the excerpt.

“Will fuel prices fall in the near future”

Auto Moto

Auto Moto states the market moved on the announcement and cites partner data for pump prices, but the article does not provide broader confirmation from other market commentators or central banks in the snippet, so readers should treat the sharp moves as market reactions that warrant follow-up reporting.

Auto Moto

In short, Auto Moto documents a dramatic price swing tied to a presidential statement and shows near-term benefits for motorists in France, while leaving some sourcing and wider-market context unshown in the provided excerpt.