Gasoline prices are displayed on a sign as customers fill their vehicles at a gas station in Miami, Florida, on April 13, 2026. Joe Raedle/Getty Images
President Donald Trump said on April 30 that gasoline prices would plummet once the war with Iran ends, even as U.S. drivers face the highest pump prices in four years amid ongoing disruptions to global oil supply.
Speaking during a press event in the Oval Office, Trump linked elevated fuel costs directly to the ongoing conflict and the continued closure of key shipping routes, while expressing the conviction that ample global supply would quickly push prices lower once unrestricted crude transit resumes in a post-war environment.
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