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Gas Prices Break Unwanted Record Under Donald Trump
Newsweek • • business
Key Points:
- U.S. gas prices hit a new record for the longest stretch above $4 per gallon, reaching 158 consecutive days, surpassing the previous record set in 2022 under the Biden administration.
- The national average gas price rose to $4.34 per gallon, a 46% increase since late February, adding an estimated $73.5 billion in costs and $561.20 per household, largely driven by escalating Middle East tensions.
- High fuel costs are a significant political issue ahead of the midterm elections, challenging Republican messaging on energy prices and impacting key battleground states.
- Diesel prices have also surged to an average of $6.27 per gallon, severely affecting farmers, truckers, and the shipping industry amid concerns over global oil supply disruptions.
- California currently has the highest gas prices at $6.28 per gallon, while several states in the Midwest and South report the lowest prices; future price trends will depend on global oil markets and Middle East developments.
