Trump's Second Term: Average US Gas Prices Now Exceed Biden's Era

US motorists are now, on average, paying more for gasoline during President Donald Trump's ongoing second term than they did throughout the Biden administration, according to fresh data from the American Automobile Association (AAA). This marks a significant political and economic milestone, with the average pump price under Trump's current presidency hitting approximately $3.473 per gallon, just nudging past the $3.471 average seen during former President Joe Biden's term. This razor-thin difference, while fractional, carries immense political weight, especially as the nation heads into crucial midterm elections this Tuesday, November 3. Although Biden's term saw the highest single-day national average of $5.02 per gallon in June 2022 following Russia's invasion of Ukraine, the current sustained average under Trump is being driven by new geopolitical realities. Specifically, the US-Israeli war with Iran, which began in early 2026, has severely disrupted global crude oil supplies through blockades in the vital Strait of Hormuz, pushing current national average gasoline prices well over $4 a gallon. With current national averages hovering around $4.17-$4.18 per gallon as of Saturday, the gap between the two administrations' average fuel costs is expected to widen. The ongoing Middle East conflict, coupled with limited global refining capacity and seasonal maintenance, continues to exert upward pressure on prices, impacting consumer budgets and becoming a hot-button issue for voters. Observers will be keenly watching how these pump price dynamics influence the midterm election outcomes and shape future energy policy debates.