Trump Warns Gas Prices May Remain High Until Midterm Elections

President says oil and fuel costs could stay elevated due to tensions with Iran

Apr. 12, 2026 at 9:02pm

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A minimalist illustration using bold geometric shapes in primary colors to conceptually represent the economic and political implications of rising gas prices.Ahead of the 2026 midterm elections, the president warns that high gas prices may persist, setting the stage for a potential political battle over pocketbook issues.Washington Today

US President Donald Trump stated on Sunday that oil and gasoline prices may stay the same or rise slightly through November's congressional midterm elections, citing ongoing tensions linked to the conflict with Iran as the reason.

Why it matters

Trump's comments suggest the high gas prices could become a political issue ahead of the crucial midterm elections, as voters' pocketbooks are often a key factor in how they cast their ballots. The president is seeking to get ahead of potential criticism over rising fuel costs.

The details

In his remarks to reporters, Trump said the elevated oil and gas prices may persist due to the ongoing tensions with Iran. The US has imposed strict sanctions on Iran's energy sector, which has contributed to global supply concerns and price volatility.

  • Trump made the comments on Sunday, April 12, 2026.
  • The midterm elections in the US are scheduled for November 2026.

The players

Donald Trump

The 45th President of the United States, who served from 2017 to 2021.

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What they’re saying

“Gas prices may stay the same or rise slightly in the coming months.”

— Donald Trump, President of the United States

What’s next

The impact of gas prices on voter sentiment ahead of the midterm elections will be closely watched in the coming months.

The takeaway

Trump's comments suggest he is trying to get out in front of potential political fallout from high gas prices, which could be a key issue for voters in the 2026 midterm elections.