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Trump denounces Iran pact, gas $4.50, 77% blame him

5/13/2026

26 6 Full Breakdown

Summary

Story summary

President Donald Trump called Iran’s peace proposal a “piece of garbage,” said he had not finished reading it, and said he was not considering financial situation.
War-related energy costs have lifted U.S. gasoline to $4.50 per gallon, diesel to $5.64 per gallon, and April inflation to 3.8%.
A May 13 poll showed 77% of Americans say Trump’s policies raised their cost of living and 70% disapprove of his handling.

History

Historical Context

In October 1973 OAPEC imposed an oil embargo on the United States after Nixon approved arms shipments to Israel during the Yom Kippur War. The embargo, lifted in March 1974, prompted the Strategic Petroleum Reserve and a push for energy-saving technologies. By 1980 oil prices topped $35 a barrel, a benchmark that still shapes U.S. energy policy.

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Story summary

President Donald Trump called Iran’s peace proposal a “piece of garbage,” said he had not finished reading it, and said he was not considering financial situation.
War-related energy costs have lifted U.S. gasoline to $4.50 per gallon, diesel to $5.64 per gallon, and April inflation to 3.8%.
A May 13 poll showed 77% of Americans say Trump’s policies raised their cost of living and 70% disapprove of his handling.

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