The administration also cited a report from The New York Times, which observed that “summer road trips seem to be shielded from a significant increase in gasoline prices,” and that the national average had remained stable following recent geopolitical developments in the Middle East.
In addition, The Wall Street Journal published a similar analysis, stating that lower energy prices “would be advantageous for consumers during the warmer months when Americans tend to drive more.” The publication further noted that reduced fuel costs have contributed to the economy’s continued resilience and have helped manage inflationary pressure.
White House Director of Communications Steven Cheung shared CNN’s segment on the social platform X, referring to the development as “THE TRUMP EFFECT.” His post sparked a range of reactions online, with many users commenting on the unusual summer price dip. One user wrote, “It dropped another 12 cents where I live. It’s surprising for it to decrease in the summer. It typically rises before a holiday.”
While perspectives on the reasons behind the price drop vary, the consensus among multiple outlets is clear: Gas prices are notably lower than in recent years, offering some financial relief to consumers during one of the year’s busiest travel weekends.
View the CNN clip: