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5d ago

Trump’s Inflation Ratings Collapse to Record Lows as Gas Prices Soar

Fuel spikes from the Iran war have pushed up prices nationwide.

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WASHINGTON, DC - APRIL 28: U.S. President Donald Trump gives a speech during the State Arrival Ceremony on the South Lawn on day two of the State Visit of King Charles III and Queen Camilla to the United States of America, on April 28, 2026 in Washington, DC. Their majesties are formally welcomed with a traditional military arrival ceremony on the South Lawn of the White House, the highest diplomatic honour extended by the United States to a visiting Head of State which dates back to the 18th century. (Photo by Chris Jackson/Getty Images)

Overview

  • Polling aggregates show President Trump deeply underwater on inflation, with Reuters/Ipsos at roughly minus-49 net and data analyst G. Elliott Morris logging about minus-40 in an update he flagged Thursday.
  • Following Thursday’s Bureau of Economic Analysis report, the Fed’s preferred inflation gauge (PCE) rose 3.2% year over year in March, the highest in three years.
  • AAA reports the national average for regular gas at about $4.30 per gallon Friday, with prices jumping since the Feb. 28 U.S.–Iran hostilities disrupted shipments through the Strait of Hormuz.
  • A new Gallup survey finds a record 55% of Americans say their finances are getting worse, with more people pointing to energy costs as a leading strain on household budgets.
  • A Napolitan News Service poll released Friday shows more voters now trust Democrats than Republicans on the economy, with a similar edge on inflation.