Blue Owl Capital Owns Third of Trump-Tied Gas Chain

Investment firm Blue Owl Capital owns approximately one-third of the properties associated with the Freedom Fuel Network, a gas station chain that sells fuel at $3.47 per gallon. The chain, launched last month and primarily operating in the Philadelphia area, has garnered attention for its patriotic branding and its promotion by former President Donald Trump. Records indicate the venture is managed by a group of businessmen, including an NFL kicking coach, a GOP fundraiser, and a New Jersey entrepreneur who previously faced civil damages for fuel theft.

Former President Trump publicly endorsed Freedom Fuel on his Truth Social platform on July 1, highlighting the $3.47 per gallon price as a benefit to consumers facing higher oil prices due to the conflict in Iran. He stated that gas prices would soon return to record low levels enjoyed before the U.S. "excursion" in Iran. The White House also posted a video on X celebrating the opening of the first station, which featured customers expressing gratitude to Trump for the reduced prices.

The first Freedom Fuel station, located in Dresher, Pennsylvania, is owned by a subsidiary of Blue Owl Capital, according to property records. While Trump has previously held up to $25 million in Blue Owl stock, his most recent financial disclosure indicates he has sold nearly all of that stake. The White House has denied any personal connection between Trump and the Freedom Fuel venture, though they have not elaborated on how the stations initially gained presidential attention.