Trump wants to reduce the cost of fuel as the midterms loom - will it work?
The price of fuel has soared as the cost of living emerges as a key issue for millions of Americans.
Coverage by Political Leaning
See how different sides of the spectrum reported this story
Notable Quotes
""Our estimates are that your price increase from about $3 a gallon up to $6 a gallon [for diesel] is 60% connected to the Strait of Hormuz, 40% connected to the Russia-Ukraine conflict.""
— David Ruisard , Executive
""The combined impact of higher rates and higher energy prices is squeezing household budgets and adding to firms' costs.""
— Michael Pearce , Academic
""A lot of that is likely due to some of the manoeuvres that we've seen the Trump administration employ over the last couple of weeks.""
— Patrick De Haan , Academic
Key People
David Ruisard is the pricing manager for commodities intelligence firm Argus.
Former president of the United States known for his aggressive economic policies.
Chief US economist at Oxford Economics.
Patrick De Haan is the head of petroleum analysis at GasBuddy.
Locations
All Coverage
The price of fuel has soared as the cost of living emerges as a key issue for millions of Americans.
Similar Stories
Related coverage based on topic and tags
Analysis: Trump's shock Russia deal highlights mounting pressure to curb fuel prices
The US president hopes to ease his party's pain before next month's midterm elections, writes the BBC's North America correspondent.
October 9, 2026 at 10:30 PMTrump's moves to boost diesel supplies have not yet lowered prices - Reuters
Trump's moves to boost diesel supplies have not yet lowered prices Reuters
October 9, 2026 at 10:19 AMTrump says he is thinking about suspending federal gas tax - Reuters
Trump says he is thinking about suspending federal gas tax Reuters
October 6, 2026 at 09:10 PMCalifornia leaders hit back after Trump says Iran can 'take out' LA and San Diego
The US president said rising gas prices were a "small price to pay for keeping the world safe" at an election rally in Nebraska.
October 6, 2026 at 11:13 AMNortheast Democrats urge Trump administration action as heating oil costs surge - Reuters
Northeast Democrats urge Trump administration action as heating oil costs surge Reuters
October 6, 2026 at 05:52 PMTrump to issue order expanding access to tax-exempt diesel fuel, sources say - Reuters
Trump to issue order expanding access to tax-exempt diesel fuel, sources say Reuters
October 5, 2026 at 08:40 PM