Trump defends $4 gas as most voters say they're worse off

Aug 17, 2026

Trump says he will never apologize for higher gas prices caused by the Iran conflict, and voters are punishing him for it.

  • Gas is around $4 a gallon and oil is climbing, with no full-scale war yet — an escalation could push prices well past $100 a barrel.
  • A Financial Times poll found 53% of Americans say they are worse off under Trump, including 23% of Republicans; 64% say the economy is heading the wrong way.
  • Tariffs, the war, and the tax bill are choices he made himself, which makes it hard to blame outside forces for high inflation.
  • Iran may read his "pay a little more" line as proof the pain threshold has not been hit, giving them reason to squeeze oil harder.
  • Meanwhile he is pushing to rebrand his White House ballroom as a military complex, a national-security angle that would let him build it without Congress and on taxpayer money.

Outlook: Expect gas prices and the economy to become the central attack line heading into the midterms.

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