Trump falsely claims gas prices 'come down very substantially today' as prices hit near-record highs

On May 7, 2026, President Trump told reporters that gasoline prices had "come down very substantially today." This claim was demonstrably false. According to AAA data, the national average price for regular gasoline had risen for four consecutive days preceding his statement, reaching $4.55-$4.56 per gallon—the highest level since 2022. Gas prices had surged by approximately $1.50 since late February 2026 due to the Iran conflict, with prices climbing 25 cents per gallon for two straight weeks leading up to Trump's claim. PolitiFact rated the statement as inaccurate, noting that prices only dropped by about a penny the day after his remarks. The false claim came as American families faced significant financial strain at the pump, representing a pattern of presidential disinformation about easily verifiable economic data during a national crisis.

"Well, no gas prices have come down today. Have you looked? They've come down very substantially today." — Statement made to reporters on May 7, 2026, during a period when gas prices were at near-record highs due to the Iran conflict