White House secretly 'freaked' about potential of breaking $5.02 gas record set under Biden [View all]

Source: The Independent

Friday 22 May 2026 12:19 EDT


The mood inside the White House is reportedly tense as officials fear the ongoing war with Iran could push gas prices beyond the $5.02 a gallon record set under the Biden administration.

Maintaining low gas prices, a policy President Donald Trump campaigned on, had been a key talking point for the White House up until the president chose to start a war with Iran, causing the closure of the Strait of Hormuz, a major traffic hub of oil, which led to higher oil prices.

“The White House staff is absolutely, totally freaked about bond yields and gas prices,” an unnamed person close to the White House told Politico. As of May 22, the average price of a gallon of regular gasoline is around $4.55, according to AAA and GasBuddy. That is slowly creeping up to the $5.02 record-high set in June 2022, under former President Joe Biden.

One former Trump energy adviser reiterated the White House’s worry to the news outlet, saying, “Obviously, everyone’s stressed about gas prices and looking for levers to pull.”

Read more: https://www.the-independent.com/news/world/americas/us-politics/white-house-gas-prices-record-b2982012.html