Gas under $2 in nine states — Trump calls it ‘bigger than a tax cut’

Gasoline prices have dropped below $2 per gallon in nine U.S. states, offering noticeable relief at the pump for many drivers and drawing public attention from politicians. Former President Donald Trump characterized the development as “bigger than a tax cut,” framing lower fuel costs as a direct pocketbook benefit for consumers.

Analysts point to a mix of market and seasonal factors that typically push prices downward: easing crude-oil costs, lower refining and distribution bottlenecks, and reduced demand as summer travel winds down. Regional variations in supply, state taxes and local refinery capacity mean the price shift is uneven—some areas feel immediate relief while others remain above the national average.

For consumers, sub-$2 fuel can translate to tangible monthly savings, especially for commuters and small businesses with heavy vehicle use. Economists caution that such drops can be temporary: global geopolitical events, changes in OPEC+ output decisions, or unexpected refinery outages can reverse gains quickly. Still, the current slide provides breathing room for household budgets and can temper near-term inflation pressures tied to transportation costs.

Policymakers and political figures have seized on the move. Supporters say falling fuel prices act as a real-time, broadly distributed economic boost — which is the angle emphasized by Mr. Trump — while critics note that market-driven price changes are not a substitute for long-term fiscal or tax policy reforms. State leaders may also point to lower pump prices when discussing local economic conditions ahead of elections or budget planning.

If you want to know whether your state is among those with sub-$2 gasoline, consult live price trackers run by industry groups and consumer websites, or check updates from state energy offices. Keep in mind that prices can vary by county and even by station within a city.

Looking ahead, drivers should expect volatility. Short-term forecasts from energy analysts suggest continued downward pressure while inventories remain healthy, but any significant shift in crude markets or refinery operations could push prices back up. For now, consumers enjoying the lower rates are seeing immediate savings — a development that has become part of the broader political and economic conversation.