Trump approval on cost of living hits record low as gas prices surge

Mar 24, 2026, 5:16:00 PM UTC(4 hours ago)

Impact: Medium

Affected Assets

A Reuters/Ipsos poll reveals only 25 percent of Americans approve of President Trump's handling of the cost of living following a sharp rise in fuel costs
National average gasoline prices reached 3.98 dollars per gallon in late March 2026, marking a 35 percent increase in just one month
Market analysts attribute the price spike to geopolitical tensions and a major refinery explosion in Port Arthur, Texas, that disrupted diesel and gasoline production
Goldman Sachs raised its 2026 Brent crude oil forecast to 85 dollars per barrel, citing supply risks and the ongoing conflict in Iran
Approximately 55 percent of U.S. households report their finances have been negatively impacted by the recent surge in energy costs

JUST ONE IN FOUR AMERICANS APPROVE OF TRUMP’S HANDLING OF COST OF LIVING AMID SURGING GASOLINE PRICES, REUTERS/IPSOS POLL FINDS