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Trump Gas Price Outlook

Apr 21, 2026
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Trump rejected Energy Secretary Chris Wright's forecast that gas prices may stay high until 2027, saying prices will fall as soon as the Iran war ends. The national average gas price rose to $4.04/gallon Monday from $3.15 a year ago as global oil prices rose 5%. A fragile ceasefire nears expiration with uncertain prospects for new talks. Trump and Republicans face mounting pressure ahead of November midterms.