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Trump vows to halve electricity, gas prices in 18 months

7/27/2026

Summary

Story summary

President Donald Trump pledged to halve electricity and gasoline prices within 12-18 months.
Electricity prices are 12 % higher and gasoline averages $4.11 per gallon, 60 cents above 2024.
Mark Wolfe warned that a $100-per-barrel oil price, linked to the conflict, could add $800 per year to families’ gasoline costs, while White House spokeswoman Taylor Rogers blamed Iran for breaking a ceasefire and said will bring gas prices back to conflict levels.

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Story summary

President Donald Trump pledged to halve electricity and gasoline prices within 12-18 months.
Electricity prices are 12 % higher and gasoline averages $4.11 per gallon, 60 cents above 2024.
Mark Wolfe warned that a $100-per-barrel oil price, linked to the conflict, could add $800 per year to families’ gasoline costs, while White House spokeswoman Taylor Rogers blamed Iran for breaking a ceasefire and said will bring gas prices back to conflict levels.