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Record Fuel Prices Challenge Trump Before Midterms

Wall Street Journal Markets •
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Diesel hit an average $5.85 a gallon on Friday, an all-time high that surpasses the previous record from 2022.

Rising fuel costs are creating a fresh political challenge for President Donald Trump ahead of the midterm elections, adding to economic pressures already weighing on voters.

The surge reflects ongoing supply constraints and shifting market dynamics, with analysts noting that elevated prices at the pump could influence consumer sentiment and spending.

Energy markets remain volatile, and the milestone underscores the difficulty of containing costs as global demand and geopolitical factors continue to shape pricing.