Will $4 Gas Hurt Trump’s Approval Ratings? Here’s What History Shows.

New York Times
by Ruth Igielnik and Katherine Chui
March 31, 2026
3 min read

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Historical data shows gas price spikes typically hurt presidential approval, but this pattern may be weakening in recent years.

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Historical data shows presidents' approval ratings have typically fallen when gas prices rise, a pattern dating back to at least the Carter administration. The relationship between fuel costs and presidential popularity has been one of the most reliable political metrics for decades, affecting voter sentiment on economic management. However, recent analysis suggests this traditional correlation may be weakening, meaning rising gas prices could have less impact on Trump's approval than historical precedent would predict. The shift could reflect changing consumer priorities, reduced reliance on gasoline, or diminished public attribution of fuel prices to presidential policy. Understanding whether this historical pattern holds will be critical to assessing Trump's political standing as energy costs fluctuate.

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