Full Breakdown
Gasoline Prices Slightly Higher Under Trump Than Under Biden
By Drooid · · How we work
Higher Average Pump Prices Under Trump
According to the American Automobile Association (AAA), the seven-day moving average price of regular gasoline has been $3.472 per gallon since President Donald Trump took office almost two years ago, edging out the $3.471-per-gallon average recorded during President Joe Biden’s term. Diesel prices have also risen, averaging $4.343 per gallon under Trump versus $4.078 per gallon under Biden, with a record high of $6.523 per gallon reached on September 22.
Context: Global Conflicts and Oil Supply
The increase in U.S. fuel costs coincides with heightened geopolitical tension. Russia’s war in Ukraine and the U.S.–Israeli conflict with Iran have constrained global crude supplies. The Iran-related fighting has centered on the Strait of Hormuz, a chokepoint that once carried about one-fifth of worldwide oil flow. Despite the conflict, the seven-day moving average for Middle East oil exports—including Hormuz, Gulf of Oman, and Red Sea shipments—reached 24.6 million barrels per day in the week to October 18, the highest level since the war began in late February.
Data and Statistics
- Regular gasoline average price under Trump: $3.472/gal (AAA).
- Regular gasoline average price under Biden: $3.471/gal (AAA).
- Diesel average price under Trump: $4.343/gal vs. $4.078/gal under Biden (AAA).
- Diesel record high: $6.523/gal on September 22 (AAA).
- A Reuters/Ipsos poll published on October 19 showed Trump’s overall approval at 31 %, with 23 % approving his handling of the economy.
Verbatim Quotes
- “Once this conflict comes to an end, gas prices will drop drastically... Thanks to the exceptional work of the US military, more oil is now flowing out of the Persian Gulf than before the Iran conflict began,” — White House