Trump is likely to get the price of the gas price of $ 1.98

US President Donald Trump leaves after eating questions from the press in the southern grass when returning to the White House in Washington, DC, on May 4, 2025.

Alex Wrblewski | AFP | Gety pictures

president Donald Trump A liar claimed that gasoline prices have decreased to less than $ 2 per gallon, in a batch to persuade the federal reserve to reduce interest rates.

“Only gasoline has broke $ 1.98 per gallon, which is the lowest level in the years,” Trump said in a post on the social media platform. Social truth Friday. “Consumers have been waiting for years to see prices drop. There is no inflation, the Federal Reserve must reduce its rate !!!”

However, American drivers were paying $ 3.165 for gallons on average on Monday, according to AAA motor driver association. This is an increase of about 2 cents last week and about $ 1.18 per gallon more than Trump’s claim. Gas prices have increased about 4 cents since Trump took office on January 20, when consumers were paying about $ 3.12 on average, according to AAA data.

Gasbuddy also witnessed gas prices It rises about 2 cents Last week to $ 3.12 per gallon, based on data from more than 12 million price reports covering more than 150,000 fuel stations across the country. The increase this week is the first time that drivers pushed more in the pump within about a month.

However, the average national gas price decreased 12 cents compared to last month and less than 49.6 cents of the same period last year, according to Gasbuddy data.

Robob future gasoline

RBob gasoline Futures did not touch $ 1.98 per gallon on Thursday, a day before the Trump job. The contract is currently being traded by about $ 2, after reaching the lowest level of about $ 1.96 during the trading session on Monday. However, the RBOB contract does not reflect what drivers currently pay in the pump. The contract follows in bulk, uninterrupted gasoline before including other costs such as mixing in ethanol to produce retail gases.

When asked by CNBC if the president was referring to RBOB, Trump administration officials have referred to the recent procedures for the contract.

Patrick de Han, head of oil analysis at Gasbuddy, said only analysts, wholesaler and fuel buyers in large store chains are interested in RBob.

“This price does not include anything,” he said.

RBob gasoline

“It does not come anywhere near the explanation of what consumers pay,” the analyst added. “It will be not associated with the consumer to know the RBOB price because they do not pay the wholesale selling price for RBob.”

The average price of the pump may decrease to less than $ 3 per gallon

According to De Haan, there are some places where the consumer may pay less. He said that gas prices are in a range of $ 2.20 in some individual stations in states such as Texas and Tennessee.

“Nothing is at the retail level that I saw in the past two weeks was less than $ 2 for the gallon,” he said. However, De Han said he saw some $ 1.99 individual payments per gallon, but this reflects the recovery of the loyalty points that consumers use to reduce what they pay in the pump.

“In comparison from apples to breaks, we have not seen a fragmentation price available to every person less than $ 2.20 per gallon, but what we saw is that consumers can reduce their prices by using points and other promotional offers,” said De Han.

Di Han said that gas prices in the United States have soon decreased less than $ 3 per gallon, as the refinery maintenance and increased supplies in the United States are concluded. De Han said the prices in the pump are at the lowest levels since 2021.

White House spokesman Taylor Rogers said that gas prices were recorded during the first period of Trump and fell “again thanks to President Trump’s launch of US energy.”

Gas prices decreased during the past month, as crude oil decreased due to recession due to Trump’s tariff and OPEC+ producers quickly bring more supplies to the market.

“While some of the damage to Bitnomics are still ongoing, President Trump’s economic agenda reduces the prices of American families at lightning speed,” said Rogers.