The Trump administration borrows a page from Biden on bringing down gas prices

President Biden faced similar circumstances in struggling to quell rising gas prices in the summer of 2022

US President Donald Trump speaks in the Oval Office of the White House in Washington, DC on July 14, 2025. (Andrew Caballero-Reynolds/AFP via Getty Images)

The Trump administration is struggling to contain scorching gas price increases in the wake of the U.S. war with Iran. Consumer sentiment, meanwhile, is plunging to record lows, driven by concern among Americans of price hikes that stick around and stretch their budgets.

Elevated gas prices represent a major political vulnerability for President Donald Trump going into the November midterms. There's little sign of immediate financial relief for Americans refilling their gas tanks while a shaky U.S.-Iran ceasefire holds. The U.S. Energy Information Administration forecasted last week that gas........

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