Trump: Gas Prices Not Falling Fast Enough
President Trump says gas prices are not declining quickly enough despite a decrease in crude oil prices, but a GasBuddy analyst disagrees, citing faster declines than in 2022
President Donald Trump recently warned against high fuel costs, questioning why prices at the pump weren’t coming down despite a decrease in crude oil prices, but GasBuddy analyst Patrick De Haan disagrees. Prices Falling Faster Than 2022 In a post on X on Thursday, De Haan refuted Trump’s claims about the speed at which rates were falling. “GasBuddy data shows the decline is faster than it was in 2022 when gas prices reached a record $5/gal,” De Haan said.
com/VQlkCnlz4s - Patrick De Haan (@GasBuddyGuy) June 25, 2026 Strait of Hormuz Uncertainty On Thursday, the Islamic Revolutionary Guard Corps (IRGC) warned ships of traversing the Strait of Hormuz away from the designated route as a vessel was struck off the coast of Oman. Following the incident, Sen. Richard Blumenthal (D-CT) said that Trump had given away leverage over Iran via the Memorandum of Understanding (MoU), calling for the suspension of sanctions relief for Tehran. 9010 on Friday, according to data from the American Automobile Association (AAA).
4860/gallon. 41/bbl at press time. 67/bbl at the time of writing this article. Peter Schiff Says Trump Advocates Socialism Economist and Echelon Wealth Partners co-founder Peter Schiff thinks Trump’s move to probe oil companies and high gas prices is a socialist move after the President directed the DOJ to launch an investigation into oil producers for failing to reduce gasoline prices in line with declining crude oil costs.
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