Trump touts $0.60 drop in gasoline prices, slams predecessors on Iran

Trump shared a Fox News post highlighting falling fuel costs while criticizing past presidents for inaction on Iran's nuclear program.

First Published: July 5, 2026, 4:37 PM EST

WHITE HOUSE — Donald Trump claimed the national average gasoline price has fallen $0.60 per gallon and attacked his predecessors over Iran on a Truth Social post on July 5, 2026 at 11:20 AM EST.

Here is the full post on [truthsocial]: “FOX Fox News NEWS @FoxNews NOW: “The average price of gasoline nationwide is down $0.60 a gallon just from a short while ago… but remember that our oil in the middle of this conflict was less than it was for Sleepy Joe Biden.” President Trump touts falling oil prices while calling out his predecessors for how they handled Iran and its nuclear program. “None of them did anything.””

Trump reposted content from the verified Fox News account on the platform, which quoted him declaring that oil prices during the current conflict remain lower than they were under former President Joe Biden. He used the nickname “Sleepy Joe Biden” to refer to his predecessor while drawing the comparison (see truthsocial).

The post also showed Trump criticizing unnamed past presidents for their handling of Iran and its nuclear program. “None of them did anything,” Trump said, without specifying which administrations he was targeting or what actions he believed they should have taken.

Donald J. Trump shared a post touting a drop in gasoline prices and criticizing predecessors on Truth Social on 07/05/2026.

Fox News, formally known as the Fox News Channel, is the most-watched cable news network in the United States and is owned by the Fox News Media subsidiary of Fox Corporation(see wikipedia.org). The network reaches nearly 200 million people each month across its platforms, which include television, digital, audio and streaming services (see foxnews.com).

The claim of a $0.60-per-gallon decline in gasoline prices could not be independently verified from the post alone. Trump did not specify the baseline period from which the drop was measured, saying only that prices had fallen “from a short while ago.” Energy prices have been a focal point of political debate amid ongoing tensions involving Iran.

In the last 30 days, 23 of 518 Trump posts on Truth Social have addressed the topic of the economy, according to a Zenger analysis of his posting activity. The frequency underscores the degree to which Trump has made economic messaging — particularly on fuel prices — a centerpiece of his public communications.