Community
TrustFinance is trustworthy and accurate information you can rely on. If you are looking for financial business information, this is the place for you. All-in-One source for financial business information. Our priority is our reliability.

TrustFinance Global Insights
Apr 27, 2026
2 min read
71

A recent Reuters/Ipsos poll indicates that a significant majority of Americans, 77% of registered voters, hold President Donald Trump responsible for the recent increase in gasoline prices. This sentiment is shared across party lines, including 55% of Republican voters.
The survey highlights growing public concern over fuel costs as a major issue ahead of the November congressional midterm elections.
The rise in gas prices, now averaging around $4 per gallon, is directly linked to a conflict with Iran initiated by the United States and Israel. This military action has resulted in significant disruption to the global oil supply, shutting down approximately one-fifth of the world's oil trade after retaliatory attacks damaged export facilities in the region.
The conflict and subsequent market instability have put upward pressure on energy prices globally.
The financial strain from higher fuel costs is impacting household budgets and influencing voter sentiment. According to the poll, 58% of voters stated they would be less likely to support candidates who endorse the administration's approach to the Iran conflict. Furthermore, 82% of respondents identified inflation as a major concern, with 70% disagreeing with the assertion that the economy is "booming."
The poll reveals a significant erosion of the Republican Party's historical advantage on economic issues. The party's lead over Democrats on economic management has narrowed to just one percentage point, down from 14 points at the start of Trump's second term. This shift suggests that high inflation and rising gas prices are key vulnerabilities for Republicans heading into the midterms.
Q: What percentage of Americans blame President Trump for the gas price increase?
A: The Reuters/Ipsos poll found that 77% of registered voters believe President Trump bears at least a fair amount of responsibility for the price surge.
Q: What is the primary cause cited for the rise in gas prices?
A: The primary cause is the disruption to the global oil market following a conflict with Iran, which has affected nearly 20% of the global oil trade.
Q: How has this issue affected the Republican Party's standing on the economy?
A: The party's advantage on economic issues has shrunk from 14 percentage points to one point since January 2025, according to the poll.
Source: Reuters

TrustFinance Global Insights
AI-assisted editorial team by TrustFinance curating reliable financial and economic news from verified global sources.
Related Articles