Trump says fuel prices are not very high despite the Iran war. Gas costs remain elevated, while many Americans expect prices to rise further.

He faces widespread discontent over his Iran policy and rising fuel prices

President Donald Trump said Tuesday morning “the price is not very high, relatively speaking. I mean, it’s lower than during the Biden administration.”

Consumer prices were up 4.2% last month compared to May 2025.

Even if the war ends now, it will take months for prices to come down

President Trump taunts Iran as "defeated" while a 40% gas price explosion drives May CPI to a 3-year high of 4.2%.

There’s little concrete direction on where gas prices could head, an expert said, since the Iran war has been characterized by sweeping unpredictability.

US President Donald Trump has brushed off concerns about consumer inflation surging to a fresh three-year high, on the back of soaring energy prices caused by his war in Iran.

Trump contends inflation will drop after Iran war ends, citing oil supply disruptions

Trump says fuel prices are not very high despite the Iran war. Gas costs remain elevated, while many Americans expect prices to rise further.