As of March 11, 2026, U.S. gas and oil prices have risen significantly compared to the start of President Trump's second term in January 2025, driven by conflict in the Middle East. The national average for gasoline has surged to roughly $3.58 per gallon, up from just under $3.00 per gallon at the beginning of his term in January 2025.
Gasoline and Oil Price Comparison (Approximate)
Commodity Start of 2nd Term (Jan 2025) Today (March 11, 2026)
National Avg Gas ~$3.19/gallon ~$3.58/gallon
WTI Crude Oil ~$60–$70/barrel (early 2025) ~$85–$90/barrel
Key Trends and Factors:
Rapid Surge: Gas prices have jumped approximately 50+ cents a gallon in early March 2026 due to escalating conflict involving Iran.
Highest Level: Current gasoline prices are at their highest level under the second Trump administration, exceeding the $3.32 peak reported on March 6, 2026.
"Rockets and Feathers": While oil prices fluctuated after briefly soaring to over $115–$120 a barrel in March 2026, retail gas prices have not immediately fallen, following the "rockets and feathers" trend where prices rise quickly but decrease slowly.
Comparison to Promises: The current rise wipes out earlier 2025 progress when prices hovered closer to $3 or lower, notes CNN Business and AAA.
Note: Data represents national averages; local prices may vary. The situation is volatile based on the ongoing conflict.
It's going to be worse by Nov.