Harris blames Trump for $4 gas as Trump rejects energy secretary’s outlook
Former Vice President Kamala Harris sharply criticized Donald Trump, blaming his foreign policy decisions for the recent surge in gas prices tied to the geopolitical. She described the situation as a “war of choice,” arguing that it has directly impacted everyday Americans.
Speaking outside a gas station in Charlotte, N.C., Harris highlighted the immediate financial burden on consumers. “It’s 15 more dollars every time you fill up a tank of gas,” Harris said in a video shared on social platform X.
Rising fuel costs ripple through the economy
Harris warned that higher fuel prices extend beyond gas stations and into broader consumer costs. The fluctuation in fuel prices, she said, would also “carry over to how much you’re paying for all the goods that are being transported on those semis.”
Harris also accused Trump of prioritizing political considerations over economic relief. “We’ve got a president who is paying more attention to what he thinks is in his best political interest and personal interest, as opposed to what is in the best interest of working people in America,” she said.
Gas prices remain below 2022 peak under Biden-Harris administration
While prices are high, they remain below the record levels seen in June 2022, when the national average topped $5 per gallon. That earlier surge, during Joe Biden’s presidency, was also driven by global supply shocks, highlighting how geopolitical conflicts have influenced prices across administrations.
Gas prices remain elevated despite slight dips
The national average for a gallon of gas hovered around $4.04–$4.09 in recent days, according to AAA, reflecting a modest decline but still elevated levels compared to historical norms.
A major driver of the price surge has been disruptions in a critical global oil shipping route that carries roughly 20 percent of the world’s oil.
Uncertainty remains over oil prices
Oil prices have eased somewhat from recent highs, though volatility persists.
Patrick De Haan, head of petroleum analysis at GasBuddy, cautioned that motorists should “prepare for another round of price increases,” citing ongoing risks to global supply chains.
Recent data shows small declines in both gasoline and diesel prices, though analysts say these changes may be temporary as markets react to shifting geopolitical developments.
Trump rejects energy secretary’s outlook on prolonged high prices
Trump on Monday pushed back against remarks from Chris Wright, who suggested gas prices could remain above $3 per gallon through 2027.
“No, I think he’s wrong on that. Totally wrong,” Trump said in a phone interview, disputing the timeline offered by his own energy chief.
Pressed on when Americans could expect relief, Trump tied lower gas prices directly to the end of the conflict. “As soon as this ends,” he said, signaling confidence that a resolution would quickly bring down costs.
Mixed signals from administration on timing of relief
Wright, speaking on CNN, said gas prices had “likely peaked” but cautioned that meaningful relief could take time. “I don’t know, that could happen later this year, that might not happen until next year,” he said, while agreeing that prices would fall once the conflict is resolved.
Treasury Secretary Scott Bessent offered a more optimistic projection, saying prices could fall to $3 per gallon between late June and September if key shipping routes reopen.
Political pressure mounts ahead of midterms
The surge in energy prices is becoming a central political issue ahead of November’s midterm elections. Trump and Republicans face pressure after pledging to lower costs, while Democrats, including Harris, are highlighting affordability concerns.
Recent polling has added to the pressure, with Trump’s approval rating falling to 32%, according to an NBC News Decision Desk survey. Trump dismissed the results as “rigged,” writing that “90% of what they say are lies and made up stories.”
With no clear end to the conflict, the trajectory of gas prices remains uncertain. Analysts say any sustained drop will depend largely on whether global oil flows can be fully restored.
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14 essential strategies to maximize your Social Security and avoid costly mistakes
Social Security is a vital lifeline for many seniors, providing crucial income support during retirement. With inflation at its highest in four decades, Social Security’s inflation-adjusted benefits offer protection against rising costs.
Rising interest rates have disrupted many retirement portfolios, causing bond fund values to plummet. In this volatile financial landscape, Social Security can stabilize a typical stock-bond retirement portfolio. By implementing smart strategies, retirees can maximize their Social Security benefits and ensure a more secure financial future.
14 Essential Strategies to Maximize Your Social Security and Avoid Costly Mistakes
11 reasons you should claim Social Security early
Deciding when to claim Social Security is often about maximizing your benefit. Financial planners usually advise delaying your claim for as long as possible to secure the highest monthly payment. Your benefit is based on your lifetime earnings, with a full payout available at your full retirement age (FRA), which is currently between 66 and 67 depending on your birth year. Claiming before FRA results in a permanent reduction in your monthly benefit, while waiting beyond FRA leads to a permanent increase. However, the decision isn’t solely about maximizing the monthly check. Personal factors such as health, family circumstances, and financial needs can play a significant role in determining the right time to claim.
11 Reasons You Should Claim Social Security Early
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John Dealbreuin came from a third world country to the US with only $1,000 not knowing anyone; guided by an immigrant dream. In 12 years, he achieved his retirement number.
He started Financial Freedom Countdown to help everyone think differently about their financial challenges and live their best lives. John resides in the San Francisco Bay Area enjoying nature trails and weight training.
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