The Trump White House confirms efforts to restore the nation's emergency oil reserve following its depletion during the previous Biden administration.

The national average for a regular gallon of gasoline is $2.94. Trump claimed it was at $1.99 in three or four states, but no state average is that low. Some individual gas stations advertised such prices in four states.

In an executive order issued early last week, Trump took another swipe at Biden-era regulations, specifically changes to Corporate Average Fuel Economy

As President Donald Trump's drug campaign targets Venezuela, potential land strikes raise concerns about oil market disruption and higher energy prices for Americans.

Drilling for oil and gas in the Arctic National Wildlife Refuge and the Beaufort Sea off Prudhoe Bay in Alaska would be a massive undertaking. These projects require years of development and are subject to future reversals in federal policy—just as Trump has lifted long-standing drilling bans in those areas, at least for now.

National gas prices hit a $2.99 average, saving families money on fuel costs, with the lowest prices in Texas and Louisiana while California remains highest.

Trump designates Saudi Arabia a “major non-NATO ally,” marking a dramatic turnaround from years of strained relations marked by an oil price war and diplomatic freezes. In return, Washington expects Saudi Arabia to align more closely with U.S. interests.

Harold Hamm, an Oklahoma oil tycoon, has played a central role in reshaping energy policy by allying himself with President Trump.

President Donald Trump and his economic team often respond to concerns about the affordability crisis by touting how much cheaper gasoline is than under his predecessor.