President Trump promises cheaper gas while families keep paying more at the pump
Select a version of the text written from a presumed ideological perspective. This is not the original text, but a hypothetical version — how someone with that viewpoint might have phrased it. Tapping the current version again will return to the original or select cleaned version.
President Donald Trump has vowed to bring gasoline prices down, but average fuel costs remain near historic highs as global conflicts and shaky energy policy keep pressure on oil markets.
President Donald Trump has told voters that gasoline prices will soon decline, pointing to past low prices in Iowa before recent geopolitical events disrupted the market. He said on Friday, "We'll be down to those levels soon."
Despite the promise, the American Automobile Association reported the national average for regular gasoline at $4.36 per gallon on Sunday, up from $3.09 a year earlier. Diesel prices have also climbed sharply, reaching $6.28 per gallon earlier this month.
In an effort to boost supply, the administration suspended fuel export sanctions on Russia, a move that was followed by a Ukrainian strike on a Russian oil depot. Trump later posted on Truth Social that he was seeking an "ENERGY CEASEFIRE" between Russia and Ukraine. Ukrainian President Volodymyr Zelenskyy responded on X, noting the proposal was new to him and that a Russian drone had struck a power plant in Kyiv.
Oil market pressures continue amid incidents in the Strait of Hormuz, where an oil tanker hit a mine and caught fire, and in the Red Sea region, where Iran-backed Houthi rebels have targeted Saudi oil infrastructure and an airport in Riyadh, resulting in casualties.
Analysts note that these developments make a rapid decline in fuel prices before the November midterm elections unlikely.