NewsSignals AI analysis·Reuters·Oct 26, 2026

Average price of gasoline during Trump's term now exceeds Biden's, as midterms loom

Grade Bbullish AI signal$WTI$BRENT

Average U.S. gasoline prices during Donald Trump's second term have edged above Joe Biden's, at $3.472 per gallon versus $3.471, as fuel costs become a growing concern ahead of the midterm elections. Diesel prices have averaged $4.343 per gallon under Trump compared with $4.078 under Biden, while diesel reached a record $6.523 per gallon on September 22 amid Middle East supply disruptions. If geopolitical tensions continue to constrain energy supplies, elevated fuel costs could sustain inflationary pressure and weigh on consumer spending.

Bullish strength: 75/100

Middle East oil exports reached 24.6 million barrels per day in the week to October 18, exceeding pre-war levels and potentially easing supply pressures.
The White House said gasoline prices could drop drastically once the conflict ends.

Bearish strength: 25/100

Average gasoline prices under Trump reached $3.472 per gallon, marginally above Biden's $3.471 average.
Average diesel prices rose to $4.343 per gallon versus $4.078 under Biden.
Middle East conflict and Strait of Hormuz disruptions have squeezed global crude and fuel supplies.
One-year U.S. inflation expectations increased to 4.7% from 4.6% in September.

This is automated NewsSignals analysis of third-party reporting, not independent original reporting or investment advice. AI scores are not price predictions.

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