Trump Posts Target of $2.50 per Gallon for Retail Gasoline

President Trump posted on Truth Social on Tuesday that gasoline retailers should cut prices to no more than $2.50 per gallon. He stated that current prices remain too high given that crude oil trades at $68 a barrel and continues to decline. He added that there will be no “gauging,” and warned that “big problems lie ahead” if prices do not fall.

The Bureau of Labor Statistics reported that gasoline prices rose 40.5 percent over the 12 months ending in May 2026, while fuel oil increased 58.9 percent. The AAA reported the current national average for regular gasoline at $3.85 per gallon, down from $4.36 a month earlier but still above the $3.19 level recorded a year ago.

The president’s statements did not detail any specific enforcement steps or regulatory actions that would follow if retailers maintain current prices. No statements from gasoline retailers or industry groups appear in the source material.