Oct 26, 2026
(CNN)– A key campaign promise during President Trump’s second run for the White House was to bring gas prices down below $2 a gallon. But according to AAA data, the average price of gasoline is now higher than it was during the Biden Administration. U.S. diesel futures have also surged above $5 a gallon, for the first time since April of 2022. The war with Iran is a key culprit. The battle over the Strait of Hormuz has created a log-jam disrupting supply chains and rapidly eroding global stockpiles of fuel. Categories: Local News, National News, News, Politics Tags: Biden administration, Former President Joe Biden, Iran, Iran Missile Attack, Iran Missile Strikes, Iran War, President Donald Trump, Strait of Hormuz, Trump Administration ...read more read less
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