FILE-Gas prices over five dollars a gallon are displayed at an Exxon gas station near the U.S. Capitol Building on March 31, 2026 in Washington, D.C. (Photo by Andrew Harnik/Getty Images)
President Donald Trump said the price of oil and gas might remain high even through the November midterm elections.
Trump’s comments on Sunday in an interview with FOX News came following weeks of claims that the surge in gas prices is temporary.
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Trump reacts after Navy begins blockade of Iranian ports
President Trump posted a new statement shortly after the Navy began its blockade of Iranian ports in the Strait of Hormuz. Trump posted: "Iran’s Navy is laying at the bottom of the sea, completely obliterated - 158 ships. What we have not hit are their small number of, what they call, "fast attack ships," because we did not consider them much of a threat. Warning: If any of these ships come anywhere close to our BLOCKADE, they will be immediately ELIMINATED, using the same system of kill that we use against the drug dealers on boats at Sea. It is quick and brutal. P.S. 98.2% of Drugs coming into the U.S. by Ocean or Sea have STOPPED! Thank you for your attention to this matter. President DJT"
Trump addresses oil and gas prices
What they're saying:
In an interview Sunday, President Donald Trump said, "It could be, or the same, or maybe a little bit higher, but it should be around the same," Trump, who is in Miami for the weekend, told FOX News' "Sunday Morning Futures With Maria Bartiromo" when asked whether the cost of oil and gas would be lower by the fall.
RELATED: Iran latest: Trump's blockade set to begin, oil prices surge
Trump also announced earlier Sunday that the Navy would block any ships entering or leaving the Strait of Hormuz after lengthy conversations between the U.S. and Iran in Pakistan over the weekend did not result in a peace deal.
The other side:
Also on Sunday, Iranian parliament speaker Mohammad Baqer Qalibaf, who led Iran's delegation in the talks, posted on social media that a blockade would lead to higher U.S. gas prices. "Enjoy the current pump figures," he wrote in an X post, with a map showing gas prices in Washington, D.C. "With the so-called 'blockade', Soon you'll be nostalgic for $4–$5 gas."
What is the average cost of gas in the U.S.?
By the numbers:
As of Monday, the national average price of gas is a little over $4 a gallon, according to AAA data. In February, gas prices hovered slightly below $3 a gallon, and in 2025 the national average price of gas was $3.23 a gallon, AAA noted.
The Associated Press reported that oil prices climbed in early market trading on Sunday after the U.S. announced the blockade. The price of U.S. crude oil rose 8% to $104.24 a barrel and Brent Crude oil, the international standard, rose 7% to $102.29.
The Source: Information for this story was provided by Reuters, AAA data, The Associated Press, and FOX Local reporting. This story was reported from Washington, D.C.