Trump promises $2 gas as Americans face record prices
High gas prices and a stalling economy are squeezing American families, and Trump's promise of cheap fuel after a war win looks unlikely to arrive.
- Gas is above $4 a gallon nationally — a first for a Labor Day weekend — and people say they are cutting travel and choosing between filling up and buying food.
- Trump says oil will fall to $3 and then below $2 once the war with Iran is won, while traders are talking about oil hitting $100 a barrel instead.
- Social Security's trust fund is running dry, and even some Republicans are now open to raising payroll taxes rather than cutting retirement benefits.
- Democrats are openly floating impeachment of Defense Secretary Pete Hegseth over munitions readiness and the handling of the war.
- Abroad, the UK is set to ban trade with Israeli settlements in the West Bank, and Australia wants to force Meta, Google and TikTok to let users switch off their algorithms.
Outlook: Gas prices look likely to stay high or rise further, keeping pressure on household budgets and on Trump's promises.