No Result
View All Result
  • Login
Friday, July 10, 2026
theadvisertimes.com
  • Home
  • Business
  • Financial Planning
  • Personal Finance
  • Investing
  • Money
  • Economy
  • Markets
  • Stocks
  • Trading
  • Home
  • Business
  • Financial Planning
  • Personal Finance
  • Investing
  • Money
  • Economy
  • Markets
  • Stocks
  • Trading
No Result
View All Result
theadvisertimes.com
No Result
View All Result
Home Markets

Will Trump’s ‘Freedom Fuel’ Lower Prices as Drivers Rage at Pump Pain?

by theadvisertimes.com
8 hours ago
in Markets
Reading Time: 4 mins read
A A
0
Will Trump’s ‘Freedom Fuel’ Lower Prices as Drivers Rage at Pump Pain?
Share on FacebookShare on TwitterShare on LInkedIn


The White House launched 25 Freedom Fuel gas stations, all selling fuel at $3.47 a gallon.

The White House announced the initiative July 7 on X with a video of customers thanking President Donald Trump for lowering gas prices. The stations are located in the greater Philadelphia area, the White House told USA TODAY in an email on July 7.

In the video, one customer claimed the gas station saved him money. “I thought gas was more expensive, but it’s not,” the man, who was not identified, said. “Thanks, Trump, for saving me some money.”

The move comes as Americans continue to worry about gas prices at the pump ahead of the November midterm elections. But the price of Freedom gas is only slightly lower than the national average.

According to AAA data, the national average price of fuel was $3.84 on Thursday, July 9. The average price of gas in Pennsylvania on Thursday, July 9 was $3.99.

The USA TODAY Cars Team looked at why Trump is trying to lower gas prices and whether his latest “Freedom Fuel” effort is likely to be sustainable.

Why Are Gas Prices So High?

Earlier this year, gas prices began rising in all 50 states, bringing the national average to nearly $5 in May. Significant spikes were observed in Michigan, Indiana, Ohio and Illinois, according to GasBuddy, a fuel industry analyst.

Gas prices are determined by the cost of crude oil, which is traded in global markets and saw cost increases due to the U.S.-Iran war. At its peak, Brent crude spiked more than 55% and nearly hit $120 a barrel.

The sharp rise stemmed from shipping disruptions in the Strait of Hormuz.

In 2025, almost 34% of global crude oil passed through the Strait of Hormuz, according to the International Energy Agency. After the United States and Iran reached a tentative agreement to end the war in June, effectively reopening the Strait of Hormuz, gasoline prices began to fall.

According to the U.S. Energy Information Administration, the cost at the pump is largely driven by these four components: crude oil, refining costs, distribution and marketing, and federal and state taxes.

On July 7, Hawaii, California, and Washington all had average gas prices above $5 a gallon. Meanwhile, Indiana, Oklahoma, and Texas had some of the cheapest numbers, according to AAA data.

The locations of the Freedom Fuel gas stations are available on the company’s website.

How Else Has Trump Tried to Lower Gas Prices?

Trump has previously pressured gas retailers to lower prices at the pump, accusing them of price gouging at a time when oil barrel prices were starting to fall.

Trump has also been pushing Congress to pass legislation that would allow sales of higher-ethanol gasoline as U.S. lawmakers grapple with rising gas prices that have upset many Americans in an election year.

In an updated 2026 budget request sent to Congress on June 24, the White House requested a new law that would codify “the permanent, year-round sale” of E15 gas, which is gasoline blended with 15% ethanol. Doing so, the White House said, would amount to “an urgent and needed policy change that would expand consumer choice, support domestic fuel production, and provide additional flexibility in fuel markets.”

What Are People Saying About Trump’s ‘Freedom Fuel’?

Analysts doubt Trump’s moves to lower gas prices will be sustainable without major changes to the military situation in Iran.

“One of the biggest misconceptions I see: people assume oil and gasoline have a fixed relationship,” Patrick De Haan, head of petroleum analysis at GasBuddy, wrote in an X post. “They don’t. crude is the largest input cost, but gasoline has its own market. sometimes they move together. sometimes they move in opposite directions.”

De Haan predicted in a separate X post that gas prices are likely to rise in the coming days.

“With news of Russia suspending diesel exports, markets have accelerated their climb,” he wrote. “In addition, the current national average for diesel of $4.75/gal could head back to $5/gal in the next week or two, while the national average gas price heads to $4/gal. oil+refining surge.”

Environmentalists sharply criticized Trump for offering “artificially underpriced” gas while he is gutting federal fuel economy standards.

“In advance of this short-term gimmick making headlines, Trump’s EPA teed up Congress for an unlawful attack on the Advanced Clean Cars program, which, for the last 15 years, has ensured more clean, efficient cars are accessible to over 40% of the state’s passenger vehicle market,” Elias Asher, a program associate at Sunstone Strategies, which is an Oakland, Calif.-based climate policy-focused consulting firm, said in an email.

Asher called the launch of the “Freedom Fuel” stations a “hypocritical attempt by Trump to convince Americans (at least the ones living near these gas stations) that he cares about how much they’re paying at the pump.”

Michelle Del Rey is a trending news reporter at USA TODAY. Reach her at [email protected]. Keith Laing is an automotive reporter at USA TODAY. Reach him at [email protected].

Reporting by Michelle Del Rey and Keith Laing, USA TODAY / USA TODAY Network via Reuters Connect.



Source link

Tags: DriversFreedomfuelPainPricesPumpRageTrumps
ShareTweetShare
Previous Post

Ripple Remedies Timeline Keeps XRP Legal Watchers Focused On The Final Stretch

Next Post

Human Risk Management MythBusters: What’s True, What’s False, And What’s Evolving

Related Posts

Educational Development Releases Q1 2027 Financial Results

Educational Development Releases Q1 2027 Financial Results

by theadvisertimes.com
July 9, 2026
0

AlphaStreet Newsdesk powered by AlphaStreet Intelligence EDUC|EPS -$0.16|Rev $4.8M|Net Loss $1.4M Educational Development Corporation (EDUC) reported a first-quarter 2027 loss...

Kevin Warsh names members of his Federal Reserve task forces, including Marc Andreessen, Doug McMillon

Kevin Warsh names members of his Federal Reserve task forces, including Marc Andreessen, Doug McMillon

by theadvisertimes.com
July 9, 2026
0

Federal Reserve Chairman Kevin Warsh on Thursday released names of the experts who will comprise five task forces to examine...

Kalshi traders see roughly 50% odds of a rate hike in 2026 as Fed is split on policy

Kalshi traders see roughly 50% odds of a rate hike in 2026 as Fed is split on policy

by theadvisertimes.com
July 9, 2026
0

Federal Reserve Chairman Kevin Warsh looks on during his first news conference since taking the helm at the central bank...

Diagnosed with Cyclosporiasis, Mom of 3 Shares Symptoms That Have ‘Lingered and Lingered’

Diagnosed with Cyclosporiasis, Mom of 3 Shares Symptoms That Have ‘Lingered and Lingered’

by theadvisertimes.com
July 9, 2026
0

Galenn Sekulich started to feel nauseous June 21. She was clammy, her heart was racing and she had no appetite...

Insurance Shock Is Eating Cash Flow Away—This Surprising Market is Facing the Brunt of It

Insurance Shock Is Eating Cash Flow Away—This Surprising Market is Facing the Brunt of It

by theadvisertimes.com
July 9, 2026
0

In This Article Editor’s Note: Thanks for reading! As a special offer for our readers, save $100 on your ticket to BPCON2026—BiggerPockets’...

Chart of the Week: The World According to AI

Chart of the Week: The World According to AI

by theadvisertimes.com
July 9, 2026
0

Most people think about artificial intelligence as a tool. You ask it a question, and it gives you an answer....

Next Post
Human Risk Management MythBusters: What’s True, What’s False, And What’s Evolving

Human Risk Management MythBusters: What’s True, What’s False, And What’s Evolving

Bitget Launches New CFD Copy Trading Features & Tiered Margin Framework

Bitget Launches New CFD Copy Trading Features & Tiered Margin Framework

  • Trending
  • Comments
  • Latest
Should You Offer a Concession to Get Your Apartment Leased Faster?

Should You Offer a Concession to Get Your Apartment Leased Faster?

June 15, 2026
Fourth of July 2026 Freebies and Deals

Fourth of July 2026 Freebies and Deals

July 3, 2026
5 things financial therapists want every advisor to know

5 things financial therapists want every advisor to know

June 26, 2026
Vanilla’s approach to better software for family offices: Listen first, build second

Vanilla’s approach to better software for family offices: Listen first, build second

July 2, 2026
Oregon Senior Housing Push: 4 Programs Worth Watching

Oregon Senior Housing Push: 4 Programs Worth Watching

July 2, 2026
Prime Day, June 2026: How Retailers Competed With Amazon

Prime Day, June 2026: How Retailers Competed With Amazon

June 29, 2026
AI Investment Mania Has Begun to Percolate Through the Economy, and the Fed Has Begun to Fret About the Effects

AI Investment Mania Has Begun to Percolate Through the Economy, and the Fed Has Begun to Fret About the Effects

0
The Media Quest for the Dominant Narrative

The Media Quest for the Dominant Narrative

0
Bond Vet and Small Door Merge to Form One of the Nation’s Largest Premium Veterinary Networks – AlleyWatch

Bond Vet and Small Door Merge to Form One of the Nation’s Largest Premium Veterinary Networks – AlleyWatch

0
Human Risk Management MythBusters: What’s True, What’s False, And What’s Evolving

Human Risk Management MythBusters: What’s True, What’s False, And What’s Evolving

0
SEC’s novel ETF review draws early pushback over prediction markets

SEC’s novel ETF review draws early pushback over prediction markets

0
Will Trump’s ‘Freedom Fuel’ Lower Prices as Drivers Rage at Pump Pain?

Will Trump’s ‘Freedom Fuel’ Lower Prices as Drivers Rage at Pump Pain?

0
AI Investment Mania Has Begun to Percolate Through the Economy, and the Fed Has Begun to Fret About the Effects

AI Investment Mania Has Begun to Percolate Through the Economy, and the Fed Has Begun to Fret About the Effects

July 10, 2026
The American Dream Now Comes With An 0 Monthly Car Payment

The American Dream Now Comes With An $800 Monthly Car Payment

July 10, 2026
Why this ₹48,450 crore fund manager says it’s time for a balanced hybrid fund

Why this ₹48,450 crore fund manager says it’s time for a balanced hybrid fund

July 9, 2026
Bitget Launches New CFD Copy Trading Features & Tiered Margin Framework

Bitget Launches New CFD Copy Trading Features & Tiered Margin Framework

July 9, 2026
Human Risk Management MythBusters: What’s True, What’s False, And What’s Evolving

Human Risk Management MythBusters: What’s True, What’s False, And What’s Evolving

July 9, 2026
Will Trump’s ‘Freedom Fuel’ Lower Prices as Drivers Rage at Pump Pain?

Will Trump’s ‘Freedom Fuel’ Lower Prices as Drivers Rage at Pump Pain?

July 9, 2026
theadvisertimes.com

Get the latest news and follow the coverage of Business & Financial News, Stock Market Updates, Analysis, and more from the trusted sources.

CATEGORIES

  • Business
  • Cryptocurrency
  • Economy
  • Financial Planning
  • Investing
  • Market Analysis
  • Markets
  • Money
  • Personal Finance
  • Startups
  • Stock Market
  • Trading

LATEST UPDATES

  • AI Investment Mania Has Begun to Percolate Through the Economy, and the Fed Has Begun to Fret About the Effects
  • The American Dream Now Comes With An $800 Monthly Car Payment
  • Why this ₹48,450 crore fund manager says it’s time for a balanced hybrid fund
  • Our Great Privacy Policy
  • Terms of Use, Legal Notices & Disclosures
  • About Us
  • Contact Us

© Copyright 2024 All Rights Reserved
See articles for original source and related links to external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • Business
  • Financial Planning
  • Personal Finance
  • Investing
  • Money
  • Economy
  • Markets
  • Stocks
  • Trading

© Copyright 2024 All Rights Reserved
See articles for original source and related links to external sites.