White House brags as gas prices drop to $4 just days after midterm elections

The White House is pointing to President Donald Trump’s past comments about how gas prices would fall after the midterm elections in an “I told you so” moment as prices hit $4 per gallon.“President Trump was right – Iran did everything they could to drive up the price of oil before the midterm elections, and now prices are tumbling down,” a White House official said in a statement to the Washington Examiner.According to AAA’s analysis of national gas prices, the average price per gallon for a regular tank of gas was $4.0093 on Monday, a hair above the $4 marker. The number continues a downward shift in prices that has persisted for a little over two weeks, per AAA. On Sunday, the average price was $4.0203 per regular gallon and last Monday the price stood at $4.1694, according to the association’s fuel price analysts. One month ago, the average price of a regular gallon of gas was $4.3718.The price of gas was a key topic of the 2026 midterm elections, as Democrats ran against the unpopular war in Iran, tying it in with their affordability messaging to campaign on bringing an end to the war and lowering prices at the pump. When the conflict began at the end of February, the average price for a gallon of regular gas shot up to over $3 and has sat above $4 for much of the war due to volatility in the Strait of Hormuz, a key energy shipping waterway.The price of gas has not sat below $4 since July.“The price of oil has dropped almost $10 per barrel, and the nation’s average price of gasoline has dropped 16 cents in just one week,” the White House official said, pointing to data from GasBuddy. “Thanks to the exceptional work of the U.S. military, more oil is now flowing out of the Persian Gulf than before the Iran conflict began.”In mid-October, Trump has posted on Truth Social claiming that Iran was aiming to “drive up the price of Oil prior to the U.S. Midterm Election,” adding that it was “shocking how the World, and the Dumocrat Party, seem not to care.”TRUMP SAYS RETURN TO FULL-SCALE WAR WITH IRAN ‘HIGHLY UNLIKELY’ AS PEACE TALKS PICK UP“They are even making up fake hits, mines, and everything else, because more Oil is coming through the Hormuz Strait now than it did even prior to the beginning of the Conflict,” Trump wrote.Trump said on Sunday that a return to full-scale strikes would be “highly unlikely” as peace talks remain underway between Iran and the United States.