During a speech on September 5, 2024, at the Economic Club of New York, Donald Trump made a bold promise: “Energy is going to bring us back. That means we’re going down and getting gasoline below $2 a gallon, bring down the price of everything from electricity rates to groceries, airfares, and housing costs.” These assurances resonated with enough voters to return Trump to the White House.
Fast forward to July 24, 2026, the national average for a gallon of gas has surged to $4.10. This price is more than double what Trump had promised, fueled by a conflict he initiated in Iran. Lacking a clear strategy to conclude the war, Trump is opting to expand it in hopes of reaching a resolution.
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The escalation of the conflict has led to more oil blockades, driving gasoline prices higher. Simultaneously, the administration has eliminated clean energy grants and programs, exacerbating the situation.
Initially anticipated as an election focused on the economy and inflation, the upcoming election is increasingly being defined by the issue of gas prices.
Gas prices are a microeconomic concern that affects every American, becoming especially noticeable each time fuel is required for daily activities such as commuting, school runs, and travel.
The issue of rising gas prices is also becoming a significant topic in the midterm elections.
