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Federal data show the average price of a dozen eggs dropped from $4.953 to $2.141 between January 2025 and June 2026. Gasoline prices reached a national average of $4.003 per gallon on July 20 amid renewed conflict over the Strait of Hormuz.
NewsweekEgg prices have fallen sharply since President Trump took office. The average price of a dozen eggs dropped from $4.953 in January 2025 to $2.141 in June 2026, a decline of nearly 57 percent, according to federal data. The USDA stated that egg production has recovered from highly pathogenic avian influenza and projects retail egg prices to decline by an additional 30.4 percent in 2026.
Gasoline prices have moved in the opposite direction. The Bureau of Labor Statistics reported that gasoline prices rose 21.2 percent in March 2026, the largest monthly increase since the series began in 1967. Energy prices increased 10.9 percent that month, the biggest gain since September 2005.
AAA reported the national average for regular gasoline at $4.003 per gallon on July 20, 2026, after fighting over the Strait of Hormuz paused for several weeks and then reignited in July with Iranian attacks on oil tankers and a renewed blockade. Headline inflation data reflect the mixed price movements.
Consumer prices rose 4.2 percent in the 12 months through May 2026, the highest reading since April 2023.
Headline CPI then fell 0.4 percent from May to June, the largest one-month drop since April 2020, and the annual rate eased to 3.5 percent. Gasoline carries a 4.25 percent relative importance weight in the CPI basket, more than 37 times the weight of eggs. Other grocery and household items also recorded price declines between January 2025 and June 2026.
The average retail price of a pound of butter fell from $4.912 to $3.816, a drop of about 22 percent. Cheese products declined 3.6 percent, chicken 2.3 percent, prescription drugs 2.5 percent, and major appliances 4.3 percent. Public opinion polls show declining approval for President Trump’s handling of the economy.
A May Reuters/Ipsos poll found 73 percent disapproved of his performance on the cost of living. An April AP-NORC poll showed his economic approval at 30 percent, down from 38 percent the prior month. Senate Minority Leader Chuck Schumer stated in April that Americans want lower costs rather than conflict.
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