Average gasoline price during Trump's term now exceeds Biden's as midterms loom
USO•Regular gasoline has averaged $3.472 per gallon during Donald Trump's second term, slightly above the $3.471 average during Joe Biden's term, AAA data showed. Diesel has averaged $4.343 per gallon under Trump versus $4.078 under Biden.
1. Gasoline averages edge higher
Americans have paid more for gasoline and diesel on average during Trump's second term than during Biden's, according to AAA data. Regular gasoline has averaged $3.472 per gallon since Trump took office, compared with $3.471 during Biden's term.
2. War pressures fuel supplies
The article links higher fuel prices to constrained global crude and fuel supplies during Russia's war in Ukraine and the US-Israeli war with Iran. The White House said prices would drop sharply once the Iran conflict ends and that more oil is now flowing from the Persian Gulf than before it began.
3. Diesel and inflation
Diesel averaged $4.343 per gallon during Trump's term, compared with $4.078 under Biden, and reached a record $6.523 on September 22. Analysts cautioned that inflation makes nominal price comparisons misleading; GasBuddy's Patrick De Haan said Americans are not paying record amounts of their income to fill their tanks.
