President Donald Trump has shared an update on gas prices. He acknowledged that they may remain elevated in the coming months. This comes as rising fuel costs continue to weigh on Americans and carry potential political consequences ahead of the midterms.
Donald Trump drops update on gas prices
“It could be, or the same, or maybe a little bit higher, but it should be around the same,” Donald Trump told Fox News‘ “Sunday Morning Futures With Maria Bartiromo” when asked if oil and gas costs would drop by fall.
GasBuddy data shows the average U.S. price for regular gas has stayed above $4 per gallon for most of April. In February, prices hovered just below $3 per gallon and never exceeded $3.25 over the previous year.
Now, Donald Trump’s update follows weeks of administration claims that the gas price spike was short-term. The war began on February 28 when the U.S. and Israel launched joint bombing campaigns against Iran. Iran responded by closing shipping lanes in the Strait of Hormuz, driving global oil prices up roughly 50%.
Additionally, earlier Sunday, Trump posted on Truth Social that the U.S. Navy would blockade the strait and intercept ships paying fees to Iran. “No one who pays an illegal toll will have safe passage on the high seas,” he wrote. U.S. Central Command later specified that the blockade applies only to vessels traveling to and from Iranian ports.
Iranian parliament speaker, Mohammad Baqer Qalibaf, who led Iran’s delegation in weekend peace talks that failed to produce a deal, posted on X, “Enjoy the current pump figures. With the so-called ‘blockade’, soon you’ll be nostalgic for $4–$5 gas.”
The Iran war has caused thousands of civilian deaths, mostly in Iran and Lebanon, and disrupted global financial markets. Trump’s approval ratings have hit their lowest point of his second term. Polls show most Americans oppose the war and remain frustrated by rising fuel costs, raising Republican concerns about losing congressional control in the midterms. A Democratic majority could launch investigations and block legislative priorities.
Originally reported by Devanshi Basu on Mandatory.
