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Will gas prices give Trump and Republicans a political boost?
As Americans hit the road for the Memorial Day holiday weekend, they’re getting good news at the gas pumps.
While gas prices have risen roughly 20 cents per gallon since President Donald Trump returned to the White House in January, according to GasBuddy, a fuel savings platform, «all 50 states are lower than last Memorial Day.»
And GasBuddy notes that gas prices are at their «lowest seasonal (Memorial Day) level since 2021.»
The U.S. Energy Information Administration (EIA) reports that when adjusted for inflation, the average U.S. retail gasoline prices going into Memorial Day weekend are 14% lower than last year, in large part because of falling crude oil prices.
FOX BUSINESS: GAS PRICES HIT 4-YEAR LOW AHEAD OF MEMORIAL DAY WEEKEND
Gas prices at a station in the New Hampshire Seacoast at the start of Memorial Day weekend, in Newfields, N.H. on May 23, 2025. GasBuddy reports that gas prices nationwide are at the lowest Memorial Day level in four years. (Fox News – Paul Steinhauser)
As of Friday, AAA reported that the national average for regular gasoline stood at $3.20 per gallon.
And while gas prices traditionally increase heading into spring and summer, normally due to increased demand for summer travel and refineries switching to summer gasoline blends – which are less likely to evaporate but are more expensive to produce – GasBuddy expects prices to ease slightly during the next few months heading into Labor Day.
OIL PRICES ARE DOWN OVER LAST SIX MONTHS: WHAT DOES IT MEAN FOR GAS PRICES?
The falling prices at the pump could be good political news for Trump and Republicans aiming to defend their Senate and House majorities in next year’s midterm elections.
«Gas prices fell for the third month in a row,» the White House spotlighted last week, as it argued, «Workers See Relief in President Trump’s Economy.»
Four months into his second tour of duty in the White House, Trump’s poll numbers are slightly underwater, with most, but not all, of the latest national surveys placing the president’s approval rating in negative territory.
That wasn’t the case when Trump was inaugurated in January, when most polls indicated his approval ratings were above water.
President Donald Trump speaks to reporters after signing a proclamation in the Oval Office at the White House on April 17, 2025, in Washington, D.C. Four months into his second tour of duty in the White House, most polls indicate Trump’s approval ratings are slightly underwater. (Win McNamee/Getty Images)
Contributing to the slide over the past couple of months in Trump’s overall approval ratings was his performance on the economy and, in particular, inflation, which were pressing issues that kept former President Joe Biden’s approval ratings well below water for most of his presidency.
Trump’s blockbuster tariff announcement in early April sparked a trade war with some of the nation’s top trading partners and triggered a massive sell-off in the financial markets and increased concerns about a recession.
WHERE TRUMP STANDS IN THE POLLS FOUR MONTHS INTO HIS SECOND ADMINISTRATION
But the markets have rebounded, thanks in part to a truce between the U.S. and China in their tariff standoff as Trump tapped the brakes on his controversial tariff implementation.
Republican strategist Jesse Hunt told Fox News Digital that the current prices at the pump are «a positive development» and that «seeing gas prices where they are is a testament to the energy policy the administration wants to pursue, and it’s going to result in more money being kept in people’s pockets.»
But Daron Shaw, a politics professor and chair at the University of Texas who is the Republican partner on the Fox News poll, noted that «with the exception of gas prices, there hasn’t been much of a reduction in prices.»
Daron Shaw, a politics professor and chair at the University of Texas who is the Republican partner on the Fox News poll, pointing to the cost of grocery items, noted that «prices haven’t come down.» (iStock)
«Prices haven’t come down, and it’s not clear that people will say the absence of inflation is an economic victory. They still feel that an appreciable portion of their money is going to pay for basic things,» Shaw added. «What Trump is realizing is that prices have to come down for him to be able to declare success.»
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Hunt, a veteran of numerous GOP presidential and statewide campaigns, said that Republicans «still have to figure out a way to ease some of the strain on family budgets through everyday goods like groceries. They were able to get eggs under control, which was an issue that threatened them early on in the second administration.»
But pointing to Trump’s sweeping tax and spending cuts package, which narrowly passed the House on Thursday, Hunt said «there is a lot of hope and optimism» that the measure, if passed into law, «will help spur additional investment» and «will provide the sort of growth that you need across the economy.»
Fox Business’ Daniella Genovese contributed to this report.
Donald Trump,Trump’s First 100 Days,Economy,Inflation,Republicans,Energy In America
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Did they get him? Khamenei’s fate remains unknown after Israel strike levels his compound
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As the smoke was still clearing over Tehran, one question dominated the region and Washington alike: Did they get him?
In the immediate aftermath of the Israel-U.S. strikes, with the Israeli Air Force targeting senior Iranian leadership infrastructure, rumors swirled that Ayatollah Ali Khamenei, Iran’s 86-year-old supreme leader, had been killed.
Satellite images showed heavy damage to Ayatollah Ali Khamenei’s fortified compound, including buildings believed to house his residence and the so-called House of Leadership. Parts of the complex appeared reduced to rubble.
Regional reports indicated a high-level meeting of Khamenei’s top lieutenants may have been underway when the strike hit. Iranian semi-official media also reported missiles struck near the presidential palace and other leadership sites north of the capital.
Iran’s Supreme Leader Khamenei makes first public appearance in weeks with fresh U.S. threats. (Office of the Iranian Supreme Leader Credit/ASSOCIATED PRESS)
Addressing the nation on Saturday, Prime Minister Benjamin Netanyahu said in Hebrew, «There are more and more signs indicating Khamenei is gone.»
Israeli officials told Fox News Digital they were still assessing the results and said it was too early to confirm the fate of the 86-year-old supreme leader. They did not rule out the possibility that he was killed.
Iranian officials, however, insisted the country’s leadership — including Khamenei and President Masoud Pezeshkian — remained safe, according to The Guardian, despite what they described as an assassination attempt. Meanwhile, a spokesperson for Iran’s Ministry of Foreign Affairs told the BBC that he was not in a position to confirm whether Ayatollah Ali Khamenei had been eliminated.
IRAN FIRES MISSILES AT US BASES ACROSS MIDDLE EAST AFTER AMERICAN STRIKES ON NUCLEAR, IRGC SITES
In this picture released by an official website of the office of the Iranian supreme leader, Supreme Leader Ayatollah Ali Khamenei stands as army air force staff salute at the start of their meeting in Tehran, Iran, Friday, Feb. 8, 2019. Khamenei is defending «Death to America» chants that are standard fare at anti-U.S. rallies across Iran but says the chanting is aimed at America’s leaders and not its people. (Office of the Iranian Supreme Leader via AP)
The long-serving cleric has survived decades of internal unrest, assassination plots and foreign pressure. He rarely appears in public without layers of security and is believed to operate through a tightly controlled network of loyalists embedded across Iran’s military, intelligence and political institutions.
In an exclusive Fox News Digital report earlier this week, researchers described how Khamenei runs what amounts to a parallel state within Iran’s formal government structure.
«The Bayt is the hidden nerve center of the regime in Iran… it operates as a state within a state,» Kasra Aarabi, director of Islamic Revolutionary Guard Corps (IRGC) research at United Against Nuclear Iran (UANI), told Fox News Digital.
IRAN COULD ‘ACTIVATE’ HEZBOLLAH IF US TARGETS REGIME, TRUMP’S INNER CIRCLE TO DECIDE: EXPERT
Smoke rises on the skyline after an explosion in Tehran, Iran, Saturday, Feb. 28, 2026. (AP Photo/Vahid Salemi)
Even if Khamenei himself were removed, Aarabi warned, the institutional machinery he built — involving roughly 4,000 core staff and a broader network of tens of thousands — could continue functioning.
«Even if he is eliminated, the Bayt as an institution enables the Supreme Leader to function,» Aarabi said. «Think of the Supreme Leader as an institution rather than just a single individual.»
That reality complicates the picture.
For decades, Khamenei has positioned himself not merely as a political leader but as the apex of a system designed to survive shocks — whether from protests at home or military pressure abroad.
The 86-year-old cleric has faced repeated waves of unrest, including mass protests in 2009, 2022 and again in early 2026. Each time, his regime cracked down forcefully, consolidating control rather than fracturing.
He has also weathered years of covert operations, cyber campaigns and targeted strikes against key Iranian figures across the region.
Still, the scale of the latest strike appears unprecedented.
If confirmed dead, Khamenei’s killing would mark the most significant decapitation of Iranian leadership since the 1979 revolution. It would also raise immediate questions about succession inside a system he carefully engineered to avoid sudden collapse.
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A person holds an image of Iran’s Supreme Leader Ayatollah Ali Khamenei as Iranian demonstrators protest against the U.S.-Israeli strikes, in Tehran, Iran, Feb. 28, 2026. (Majid Asgaripour/WANA (West Asia News Agency) via Reuters)
If he survived, it would reinforce his reputation for resilience — and underscore how difficult it is to eliminate the core of Iran’s power structure.
For now, officials say assessments are ongoing, and the question may be answered in the very near future.
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Irán afirma que cerró el estratégico estrecho de Ormuz, en un paso audaz que incendia aún más la región
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Democratic Reps. Ilhan Omar and Rashida Tlaib, both progressive «Squad» members, lashed out at President Donald Trump on Saturday in response to his decision to strike Iran.
«Trump has launched an illegal regime change war,» Omar posted on X. «As someone who has survived the horrors of war, I know military strikes will not make us safer; they will inflame tensions and push the region further into chaos.»
Omar, who fled Somalia as a refugee as a young child, added, «When we abandon diplomacy, we choose destruction.»
Tlaib reacted on social media to a clip of Trump acknowledging that there may be American casualties in this attack.
Rep. Ilhan Omar, with Rep. Rashida Tlaib at her side, speaks at a press conference. (Renee Jones Schneider/Star Tribune via Getty Images)
«He doesn’t care about our loved ones in the military,» Tlaib posted on X in a message that was reposted by Omar. «He doesn’t care about the fact that Americans don’t want this war.»
«He doesn’t care about the Iranian people. He is corrupted. Don’t fall for the lies.»
Democratic Rep. Alexandria Ocasio-Cortez of New York also slammed President Donald Trump for abandoning diplomacy in favor of launching an attack against Iran, predicting the outcome will be «catastrophic.»
«The American people are once again dragged into a war they did not want by a president who does not care about the long-term consequences of his actions. This war is unlawful. It is unnecessary. And it will be catastrophic,» Ocasio-Cortez said.
«Just this week, Iran and the United States were negotiating key measures that could have staved off war. The President walked away from these discussions and chose war instead. President Trump flippantly acknowledged the possibility of American casualties, stating ‘that often happens in war,’» she continued. «Mr. President: this was not an inevitability. This is a deliberate choice of aggression when diplomacy and security were within reach. Stop lying to the American people.
Democratic Rep. Greg Casar, another progressive House member associated with the informal «Squad» group, called Trump’s actions an «illegal war» in a post on X.
«Yet again, an American president is sending other people’s kids to risk their lives in a senseless regime change war,» Casar said.
The U.S. and Israel launched the joint attack just after 9 a.m. local time in what the Pentagon has dubbed «Operation Epic Fury.»
IF KHAMENEI FALLS, WHO TAKES IRAN? STRIKES WILL EXPOSE POWER VACUUM — AND THE IRGC’S GRIP
In video remarks posted to Truth Social, Trump addressed the Iranian people directly and told them to «seize control of [their] destiny.»
«The hour of your freedom is at hand. Stay sheltered. Don’t leave your home. It’s very dangerous outside. Bombs will be dropping everywhere. When we are finished, take over your government. It will be yours to take,» Trump said. «This will be, probably, your only chance for generations. For many years, you have asked for America’s help, but you never got it. No President was willing to do what I am willing to do tonight. Now you have a President who is giving you what you want.»
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Rep. Alexandria Ocasio-Cortez, D-N.Y. (Photo by Drew Angerer/Getty Images)
While Trump focused some of his message on empowering the people of Iran, he stated that the intent of the operation is to «defend the American people by eliminating imminent threats from the Iranian regime,» which he described as «vicious» and «very hard, terrible people.»
Trump also said that while there may be American casualties as a result, the mission is «noble» as it is aimed at stopping a «wicked, radical dictatorship» from threatening American national security interests and destabilizing the Middle East.
Fox News Digital’s Michael Sinkewicz and Alex Nitzberg contributed to this report
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