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.
Read Also: Elon Musk Should 'Consider Selling EVs Again,' Says Ross Gerber As TSLA Stock Declines Trump: "gas prices aren't declining fast enough" GasBuddy data shows the decline is faster than it was in 2022 when gas prices reached a record $5/gal- here's comparison from the peak date and 31 days after: pic.twitter.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.
Gas Prices The national average for a gallon of gas was at $3.9010 on Friday, according to data from the American Automobile Association (AAA).
However, prices remained above $5/gallon in states towards the Pacific, like California and Washington, with California gas costing $5.4860/gallon.
On the oil front, prices continued to fall on Friday as the West Texas Intermediate (WTI) crude traded for $69.41/bbl at press time.
Brent crude oil also fell to $72.67/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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