Trump promised $2 gas. He bragged about $2.30 in February. Now he says $3 gas is the reward for winning the war with Iran — and you're paying $4.15

Trump’s latest promise, meanwhile, follows a $2 per gallon pledge in October, which didn’t come to pass, as well as his February State of the Union declaration that gas “is now below $2.30 a gallon in most states and in some places $1.99 a gallon.”

Patrick De Haan, head of petroleum analysis for GasBuddy, offered a fact check showing national gas prices at $2.94 a gallon in February, adding “only eight out of roughly 150,000 gas stations nationwide” sold gas below $2. And experts warn that even a $3-per-gallon benchmark is stretching it, with consumers likely paying more at the pumps through the end of 2026 and beyond.

Lowering gas prices will take more than ending the war

Leading into the Labor Day weekend, Indiana, Texas, Oklahoma and Mississippi boasted the lowest gas prices in the nation, between $3.44 and $3.71 per gallon. California, Washington, Hawaii and Oregon had the highest, ranging from $4.98 to $5.78.

And price relief of the type Trump touted isn’t likely to come soon. With the U.S. and Iran exchanging strikes in the Strait of Hormuz and Houthi attacks targeting Saudi Arabia’s energy infrastructure, oil prices — and projections into 2027— shot up on September 8.

Diesel prices also recently set a new record, hitting $5.85 a gallon on September 4.

The Trump administration, however, insists that it’s working to get gas prices down.

White House Spokesperson Taylor Rogers told Moneywise that “President Trump remains committed to unleashing American energy dominance, cutting costs and putting more money back in the pockets of hardworking American families,” adding that, this week, the president “met with nearly a dozen refiners to discuss ways to expand our refining capacity, which will lower prices at the pump.”