US prices have increased by 5.4% during Donald Trump’s second term so far. several everyday items have become much more expensive Although prices are rising more slowly than they did under former President Joe Biden. Higher fuel costs and tariffs on imported goods have added pressure on American households.
A poll average compiled by Nate Silver’s Silver Bulletin shows that 72% of Americans disapprove of Trump’s handling of inflation . The cost of all items rose by more than 20% during Biden’s presidency, according to Yahoo Finance. In comparison, prices have increased by 5.4% in less than two years of Trump’s second term. Fuel oil and gasoline prices have surged by more than 30% since March as the war in Iran and the closure of the Strait of Hormuz disrupted energy supplies. This week, his administration announced $8 billion in support for farmers to help offset soaring diesel costs.
Trump has announced new measures to help control rising fuel costs.
These increases have put additional pressure on Americans who depend on fuel for their daily travel and other needs, according to the Yahoo Finance analysis. Trump is facing growing public anger over the cost of living. This could become a major political problem for the president, similar to the voter backlash Biden faced over rising prices during his presidency. Prices increased much faster during Biden’s four years in office. However, the overall increase does not tell the full story, as some important goods have become much more expensive. The war in Iran has pushed fuel prices higher.
On Thursday, Trump also invoked the Defense Production Act to direct new funding towards increasing domestic petroleum production, refining and logistics capacity.
Speaking to voters in Sioux City on Thursday, he said the release of $150 million would lead to increased production of diesel and gasoline. Since Trump took office on January 20, 2025, gasoline has averaged $3.449 per gallon, according to the US Energy Information Administration. During Biden’s four years in office, the average was $3.455 per gallon. A New York Times/Siena University poll found that 75% of voters consider the economy to be in only fair or poor condition.
A solid majority also blamed Trump for the situation, according to the poll released this week. Trump defended his energy measures during a rally in Iowa. The announcement was part of his efforts to show voters that his administration is working to address rising energy costs. Average gasoline prices under Trump are almost the same as they were under Biden. The figures show that average gasoline prices under the two presidents have been nearly identical. Most Americans have a negative view of the country’s economic conditions. The findings suggest that voters are connecting their financial difficulties with the president’s policies.
