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Trump's economic promises unmet as gas prices exceed $4 a gallon in October

Analysis shows Trump's pledges for cheaper groceries and gas have not materialized, with prices rising since 2025.

Oct 23, 2026, 8:17 AM By the Genius Eye newsroom (National Reporter) · Fact-checkedHow we report
Photo: Martin Falbisoner / CC BY-SA 3.0, via Wikimedia Commons

NBC News reported that nearly two years after Donald Trump promised voters cheaper groceries, gas below $2 a gallon, and new manufacturing jobs, those promises have not been fulfilled. Instead, prices have continued to rise and wages have not kept pace with inflation.

According to NBC News, grocery prices have increased by 3.5% since January 2025, influenced partly by tariffs and higher fuel costs linked to the Iran war. The national average price for regular gasoline is $4.27, marking the first time gas has averaged over $4 a gallon in October, contrary to Trump's pledge.

While taxes are generally lower on average, as Trump promised, the tax law changes that partially eliminate taxes on tips and overtime are more complex in practice, NBC News explained. Economists attribute the failure to meet these economic promises largely to Trump's own policies.

Separately, NPR News noted ongoing geopolitical developments, including U.S. and Israel planning for a possible attack on Iran, millions of Americans voting early, and a judge ordering President Trump to give a deposition in a BBC lawsuit.

Sources
  1. NBC News: How Trump’s economic promises have played out and Airbnb’s new rules for hosts: Morning Rundown
  2. NPR News: Morning news brief
We read public reporting and official data, confirm what we can, and write our own story. See something wrong? Request a correction.

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