On April 30, The New York Times reported that “oil prices hit a fresh wartime peak on Thursday, surging to a four-year high above $120 a barrel, before pulling back in volatile trading on concerns that the war in Iran could escalate, leading to a longer disruption of fuel supplies from the Middle East.” The paper additionally noted, “The average price of regular gasoline in the United States has followed oil higher, hitting $4.30 a gallon on Thursday, up 27 cents in a week, according to data from the AAA motor club.” One analyst told Politico that drivers should expect another gas shock at the beginning of the summer, describing the looming price spike as “a day of reckoning” that “hits people in the face.” 

Yet multiple Fox personalities just last week suggested that President Donald Trump has gas prices under control.

Before gas prices surged to their highest since Trump's war began, some Fox personalities suggested gas prices have already peaked, would decline this summer, or are holding “steady” 

• Discussing the impacts of higher gas prices on Fox & Friends First, co-host Carley Shimkus said: “The positive for a lot of people is that Chris Wright said yesterday that prices have likely peaked — hope that is the case.” Contrasting with her optimism, chyrons during the segment read “No relief at the pump until 2027” and “Wright: Gas prices under $3 unlikely before 2027.” [Fox News, Fox & Friends First, 4/20/26]
• Fox News correspondent Bill Melugin: “The Trump administration is reassuring Americans that gas prices have already peaked and drivers will soon have a welcome reprieve at the pump.” Melugin’s guest, Fox Business host Charles Payne, assured viewers that fuel prices are driven by “a lot of factors — you know, it takes longer for it to go down than it does for it to go up — but the wheels are in motion already.” [Fox News, America’s Newsroom, 4/20/26]
• On America Reports, Fox anchor Sandra Smith claimed that “right now, it looks like gas prices are heading lower and the treasury secretary even indicated he thinks we could see $3 [per gallon] between June and August this year.” Fox contributor Phil Flynn agreed and claimed that the Trump administration “did everything it took to keep prices under control,” adding, “We are seeing the benefit of that at the pump. Confidence that they know what they're doing is keeping prices under wraps.” [Fox News, America Reports, 4/20/26]
• On Fox Business’ Varney & Co., former Trump economic adviser Stephen Moore claimed: “I do think you're looking at $3 a gallon gas by … I'm going to say mid-summer, if — if, if — we start getting that flow going.” Moore continued, “You know, if you go back to before the bombing started in Iran, we had the lowest gas prices adjusted for inflation in like 50 years. So, can we get back to that? Yes. And incidentally, every time that gas price falls, it's like a tax cut. It's a super stimulus for the economy. It's a reason to be bullish starting this summer on the U.S. economy generally.” [Fox Business, Varney & Co., 4/20/26]
• On April 22, Fox News host Jesse Watters said oil prices are “steady” and “the price at the pump has actually gone down in the last two weeks.” Watters: “Stocks are higher today than they were at the start of the war. Corporate earnings have been fantastic. The price at the pump has actually gone down in the last two weeks, and oil prices have stayed steady in the 90s. Still too high, but steady.” [Fox News, Jesse Watters Primetime, 4/22/26]
• The next day, Fox Business host Brian Brenberg suggested oil prices had entered “a steady state” below $100 per barrel. Brenberg: “Are we kind of in a steady state here where it could look just like it looks today? Oil up in the high 80s, 90s range. You know, U.S. presence in Iran, in the Strait of Hormuz, [does] not change much. Can the U.S. economy live with a steady state like this for a few months?” [Fox Business, The Big Money Show, 4/23/26]