Fact-check · Oct 5, 2026 · Donald Trump
“Gas prices have declined... Gasoline prices are going down very rapidly.”
MISLEADING
What the record shows
National average gas price $4.39/gal as of Oct 8, 2026—down 4¢ week-over-week but up 48% since Feb 2026 and 39% year-over-year. Recent decline follows May 2026 peak of $4.48/gal.
Prices declined modestly week-to-week but remain at elevated levels historically. Framing recent small declines as 'very rapid' omits that prices surged 48% since February and remain far above year-ago levels.
This figure differs by region.
Sources
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