Can the president bring down gas prices? Here are 5 options available to Trump.

March 11, 2026

TL;DR

President Trump is exploring options to lower oil prices, which have increased by about 20% since the U.S. war with Iran began.
Experts state that Trump's options for controlling energy costs are limited, especially if the conflict continues.
The most effective solutions would be to end the Iran conflict or secure the Strait of Hormuz, a vital waterway for oil transport.
Short-term strategies include public statements to influence oil traders and investors, as seen when oil prices fell after Trump described the war as 'very complete'.
Other potential measures include tapping the Strategic Petroleum Reserve (SPR), restricting U.S. oil exports, pausing federal and state taxes on fuel, waiving the Jones Act, and relaxing summer gasoline rules for E15 blends.

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