WASHINGTON, D.C. — In a move that has stunned both consumers and economists, former President Donald Trump announced that he would eliminate key federal subsidies on U.S. gasoline if re-elected — a decision experts warn could trigger a massive nationwide price surge at the pump.
During a high-profile energy policy summit in Texas, Trump declared that the U.S. must “stop artificially lowering fuel costs” and instead “let the free market speak,” sparking immediate backlash from working-class Americans and major transportation sectors.
Gasoline subsidies have long helped stabilize fuel costs for consumers. Removing them could lead to immediate price jumps of 20% or more, economists estimate — particularly affecting middle- and low-income drivers who rely on affordable fuel for commuting and work.
The full details of Trump’s proposed policy shift are expected to be released in the coming days.