Memorial Day gas prices near record as Trump weighs next steps in Iran
With gas prices elevated, President Donald Trump is weighing whether to maintain the ceasefire with Iran or resume strikes
With gas prices elevated, President Donald Trump is weighing whether to maintain the ceasefire with Iran or resume strikes
With gas prices elevated, President Donald Trump is weighing whether to maintain the ceasefire with Iran or resume strikes
Gas prices this Memorial Day weekend are rivaling the record set in 2022, largely due to the war with Iran, as the conflict is at a crossroads.
President Donald Trump has been weighing whether to resume military strikes against Iran or allow more time for peace talks.
The national average for regular gasoline was around $4.53 per gallon as of Saturday morning, compared to $4.61 per gallon in 2022. That makes this Memorial Day weekend one of the priciest at the pump since the turn of the century, according to our Get the Facts Data Team.
"With gasoline demand on the rise and the prolonged closure of the Strait of Hormuz, pump prices are likely to remain elevated as the summer travel season gets underway," AAA said in a press release.
Trump highlighted his economic agenda on Friday and once again promised that prices would drop once the conflict is resolved.
"Iran is dying to make a deal. We'll see what happens, but we hit them hard, and we had no choice because Iran cannot have a nuclear weapon,' Trump said.
Iran has so far refused to give up its nuclear program or relinquish its chokehold on the Strait, despite weeks of peace talks.
The ceasefire continues, at least for now, after Trump called off planned military strikes earlier this week. He also told military leaders to be prepared to restart strikes at a moment's notice if a peace deal isn't reached.
Trump has since changed his weekend plans to remain in Washington DC. He said he does not expect to attend his son's wedding, telling reporters, "I have a thing called Iran and other things.”
U.S. Sen. Roger Wicker, R-Miss, who chairs the Senate Armed Services Committee, issued a statement on Friday arguing that it's "past time" for the president to resume military action.
“His instincts have been to finish the job he started in Iran, but he is being ill-advised to pursue a deal that would not be worth the paper it is written on," Wicker wrote.
The message stands in contrast to a small but slowly growing group of Republicans who are now siding with Democrats in an effort to end the war if the president fails to obtain approval from Congress.
The House left town and delayed a scheduled vote on a war powers resolution as it became clear that Republicans would not have the numbers to defeat it. In the Senate, another war powers resolution advanced earlier this week after four GOP senators supported it