Loading Live Market Data...
Business & Economy

Trump Blames Democrats and Ukrainian Strikes for Rising US Fuel Prices

Al Jazeera English•2 min read•Oct 5, 2026•Updated: 8d ago•REF: OPA-261005-R4R
Trump Blames Democrats and Ukrainian Strikes for Rising US Fuel Prices

Key Takeaways

  • US retail gasoline has climbed to $4.36 per gallon, up from $2.98 in late February.
  • Exports through the Strait of Hormuz have collapsed by 97 percent due to the conflict with Iran.
  • The G7 agreed to release 100 million barrels of emergency reserves to stabilize volatile fuel markets.
Listen to Article0%
Share Story
Advertisement

United States President Donald Trump has pushed back against criticism over surging domestic fuel costs, attributing rising pump prices to Democratic-led environmental policies and Ukrainian drone strikes on Russian refineries rather than the ongoing military conflict with Iran. Posting on Truth Social ahead of upcoming congressional midterm elections, Trump asserted that bottlenecks stem from domestic refinery closures in states like California and disrupted Russian refining capacity rather than turmoil in the Middle East, despite industry data indicating severe global export disruptions.

Market data contradicts the administration's assessment of Middle Eastern energy stability. Tanker traffic through the Strait of Hormuz has plummeted by 97 percent since hostilities escalated, significantly choking international crude deliveries. According to the American Automobile Association, average nationwide retail gasoline prices reached $4.36 per gallon, up from $4.14 last month and $2.98 in late February when joint operations began. 'The ongoing conflicts with Iran and Russia’s war with Ukraine are reinforcing each other, impairing oil product markets, but Middle Eastern flows are far from normal,' said Rachel Ziemba, senior adjunct fellow at the Center for a New American Security.

Global supply buffers remain under intense pressure across multiple fronts. Ukraine's Ministry of Defence claimed it has knocked out over half of Russia's refining capacity, compounding shortages that drove Russian refinery throughput to a twenty-year low in June. In the United States, recent facility closures in California trimmed local capacity by 17 percent, according to S&P Global. To counteract price spikes, the G7 coalition agreed to release 100 million barrels of crude and diesel from strategic stockpiles following White House pressure, even as the US Strategic Petroleum Reserve dropped to levels unseen since 1982.

Advertisement

The rhetoric reflects acute political vulnerabilities ahead of midterm voting that will determine congressional control. Despite administration efforts to deflect responsibility toward geopolitical rivals and domestic political opponents, voter sentiment remains heavily critical of current economic stewardship. An AP-NORC survey revealed that 65 percent of Americans hold Trump's policies responsible for mounting inflation, while 61 percent view the national economy as worse off since his return to office.

Advertisement
Share Story
OPA Morning Intelligence

Subscribe to the Global Briefing

Receive our flagship executive dispatch every morning. Essential geopolitical analysis, financial benchmarks, and breaking world events delivered to your inbox.

Reader Discussion

Leave a Comment

0 Comments

Loading comments...

MK
Mohammad KaramaliStaff JournalistToronto, Canada

Owner

OWNER

Editorial Oversight & Machine-Assisted Reporting

Human-in-the-Loop Verified

Editorial Oversight & Machine-Assisted Reporting: This dispatch was synthesized and localized via OPA automated intelligence under continuous human editorial supervision.

Wire Source

This report was synthesized from Al Jazeera English under journalistic fair use.