Average US Gasoline Prices Under Trump Surpass Biden-Era Level Amid Geopolitical Supply Disruptions

Average U.S. retail gasoline prices under President Donald Trump have reached $3.472 per gallon, surpassing the $3.471 average recorded during Joe Biden's administration. National pump prices stand near $4.29 per gallon, up 43% since conflict involving Iran began in February and up from $3.05 a year ago. Diesel prices under Trump have averaged $4.343 per gallon versus $4.078 under Biden, currently sitting around $6.35 per gallon following a historic peak in September. The price surge stems from Middle East crude shipment disruptions, Strait of Hormuz risks, and global refining bottlenecks.