Average price of gasoline during Trump's term now exceeds Biden's, as midterms loom
Average gasoline and diesel prices during President Donald Trump's second term have edged above the averages recorded during Joe Biden's presidency, according to AAA data cited by Reuters. Regular gasoline has averaged $3.472 a gallon since Trump took office nearly two years ago, compared with a $3.471 average for Biden's term. Surging fuel costs create a significant political challenge for Republicans as midterm elections approach. Critics and commentators argue that these raw price averages fail to account for inflation, which has run at different rates across both administrations. Meanwhile, separate studies indicate that US consumers are absorbing heavy price spikes linked to supply disruptions from the war on Iran.
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- ✓ Regular gasoline has averaged $3.472 a gallon during Trump's second term, edging out the $3.471-per-gallon average for Biden's term, according to AAA data.
- ✓ Russian missile strikes on Kharkiv killed two people and injured four, according to Mayor Ihor Terekhov.
- ✓ US consumers are paying more than anyone globally for fuel price spikes caused by supply disruptions from the war on Iran.
What changed
Data from the AAA shows that the average cost of regular gasoline during Trump's second term has surpassed the average recorded under Biden.
Live updates
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Gas Prices Under Trump's Second Term Exceed Biden's
Average gasoline and diesel prices during President Donald Trump's second term have edged above the averages recorded during Joe Biden's presidency, according to AAA data cited by Reuters. Regular gasoline has averaged $3.472 a gallon since Trump took office nearly two years ago, compared with a $3.471 average for Biden's term. Surging fuel costs create a significant political challenge for Republicans as midterm elections approach. Critics and commentators argue that these raw price averages fail to account for inflation, which has run at different rates across both administrations. Meanwhile, separate studies indicate that US consumers are absorbing heavy price spikes linked to supply disruptions from the war on Iran.
Why it matters
Fuel costs remain a potent political issue that heavily influences voter sentiment during federal elections. The comparison between presidential terms highlights how macroeconomic factors and global conflicts directly impact domestic pump prices. With midterm elections looming, pricing pressures at service stations complicate the political outlook for the administration.
What is confirmed
- Regular gasoline has averaged $3.472 a gallon during Trump's second term, edging out the $3.471-per-gallon average for Biden's term, according to AAA data.
- Russian missile strikes on Kharkiv killed two people and injured four, according to Mayor Ihor Terekhov.
- US consumers are paying more than anyone globally for fuel price spikes caused by supply disruptions from the war on Iran.
Still unconfirmed
- Inflation-adjusted price comparisons demonstrate that raw gasoline price averages between the Trump and Biden administrations are misleading without accounting for broader economic inflation.
What to watch next
- Upcoming midterm election results and voter turnout tied to economic sentiment
- Further adjustments in retail gasoline and diesel prices at pumps nationwide
confidence 95%Sources used for this update (15)
- www.yahoo.com — Yahoo
- Yahoo Finance — Inflation under Trump is only about half the rate under Biden. Voters are still just as mad.
- CNN — Gas under Trump 2.0 is now more expensive than it was under Biden
- Reuters — Average price of gasoline during Trump's term now exceeds Biden's, as midterms loom
- Bloomberg.com — Gasoline Prices Under Trump Surpass Biden-Era Average
- The Guardian — Too little, too late: Trump takes on gas prices as fuel costs hamper his midterm hopes
- The Hill — Republicans face a midterm reckoning over prices at the pump
- sg.news.yahoo.com — Russian missile strikes on Ukraine's Kharkiv kill two, injure four, mayor says - Yahoo News Singapore
- www.lucianne.com — Lucianne.com News Forum - Don’t Buy The Media Lie: Gas Prices <br/>Are Not Higher Under Trump Than Biden
- srnnews.com — Average price of gasoline during Trump's term now exceeds Biden's, as midterms loom - SRN News
- digg.com — Average US gasoline prices during Trump's second term edge above Biden's · Digg
- www.marketscreener.com — Average price of gasoline during Trump's term now exceeds Biden's, as midterms loom | MarketScreener
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