According to the Wall Street Journal, Trump promised to lower gasoline prices during his 2024 campaign. However, the war between the US and Iran led to the closure of the Strait of Hormuz, causing gasoline and diesel prices in the US to soar. Accordi

2026-10-19

According to the Wall Street Journal, Trump promised to lower gasoline prices during his 2024 campaign. However, the war between the US and Iran led to the closure of the Strait of Hormuz, causing gasoline and diesel prices in the US to soar. According to data from the Oil Price Information Service (OPIS), as of last Friday, US drivers were paying 38% more for gasoline than when Trump took office, and diesel prices had risen 71% to $6.25 per gallon. Moody's Analytics chief economist Mark Zandi estimates that the war with Iran has added more than $2,000 to the average American family's costs.