# Trump promised to slash energy costs  — but gasoline, diesel and jet fuel all soared instead

> US gasoline averaged $4.20 a gallon and diesel about $6.32, both sharply higher year over year, ahead of the midterm elections. GasBuddy expects record election-day fuel prices, which the article links to recent US military action against Iran.

- Date: 2026-10-31 · published 2026-11-01T06:09:16.529Z
- Category: geopolitics · region US · magnitude medium
- Page: https://feedsoft.ai/events/4166-trump-promised-to-slash-energy-costs-but-gasoline-diesel-and-jet-fuel-all
- Commodities: [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [ULSD / Diesel](https://feedsoft.ai/c/DIESEL.md)

## Why it matters

Elevated crude and diesel prices raise input and transport costs across feed supply chains, and political pressure may prompt policy responses on energy.

## Read by commodity

- WTI: bullish ▲
- DIESEL: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WTI | 2026-03-02 | [Diesel and Gasoline Prices Rise on Iran Strikes - TT](https://feedsoft.ai/events/8776-diesel-and-gasoline-prices-rise-on-iran-strikes-tt.md) | +35.6% | +50.4% |
| WTI | 2024-10-08 | [Fuel prices diverge: Diesel up, gasoline down, amid hurricanes and heightened Middle East tension \| FleetOwner](https://feedsoft.ai/events/11683-fuel-prices-diverge-diesel-up-gasoline-down-amid-hurricanes-and-heightened.md) | -2.9% | -7.5% |
| WTI | 2026-09-17 | [Midwest Ethanol Margins Compress as Diesel Rally Outruns Gasoline \| InfoHandle Network](https://feedsoft.ai/events/17458-midwest-ethanol-margins-compress-as-diesel-rally-outruns-gasoline-infohandle.md) | -7.8% | -6.5% |
| WTI | 2026-03-18 | [Ag shippers face rising diesel costs, and farmers could share the bill \| Agri-Pulse Communications, Inc.](https://feedsoft.ai/events/20357-ag-shippers-face-rising-diesel-costs-and-farmers-could-share-the-bill-agri.md) | -3.3% | -3.8% |
| WTI | 2026-03-04 | [US diesel hits $4 per gallon as fuel costs rise amid escalating Middle East conflict \| Reuters](https://feedsoft.ai/events/5530-us-diesel-hits-4-per-gallon-as-fuel-costs-rise-amid-escalating-middle-east.md) | +12.2% | +37.4% |
| DIESEL | 2026-03-02 | [Diesel and Gasoline Prices Rise on Iran Strikes - TT](https://feedsoft.ai/events/8776-diesel-and-gasoline-prices-rise-on-iran-strikes-tt.md) | +36.4% | +69.9% |
| DIESEL | 2025-06-20 | [Diesel and Gas. The Energy Report 06/20/2025 - Market InsightsMarket Insights](https://feedsoft.ai/events/8644-diesel-and-gas-the-energy-report-06-20-2025-market-insightsmarket-insights.md) | -6.7% | -2.1% |
| DIESEL | 2024-10-08 | [Fuel prices diverge: Diesel up, gasoline down, amid hurricanes and heightened Middle East tension \| FleetOwner](https://feedsoft.ai/events/11683-fuel-prices-diverge-diesel-up-gasoline-down-amid-hurricanes-and-heightened.md) | -3.3% | -3.9% |

## Sources

- cnbc.com: https://www.cnbc.com/2026/10/31/trump-gas-diesel-price-midterm-election.html

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.