If you’re like many Americans who skipped the Great American State Fair, don’t worry, the Trump administration still has an Independence Day surprise for you: the second-highest 4th of July gas prices of all time and inflation at the highest levels it’s been in three years.
Adding insult to injury, this weekend marks the one-year anniversary of the betrayal of working-class families and the largest upward transfer of wealth in modern American history, courtesy of Trump signing the devastating Republican spending bill last year.
Families Heading Out For The Holiday Will Spend Hundreds Of Millions More At The Pump Than They Did Last Summer.
- Gas prices are projected to hit roughly $3.75 per gallon this Independence Day, the second most expensive on record for any July 4th weekend.
- At that price point, gas will cost drivers 65 cents more per gallon than last year’s $3.10 average. In total, families heading out for the holiday will spend hundreds of millions more at the pump than they did last summer.
Inflation Is Squeezing Families Everywhere They Turn
- The pain at the pump is part of a broader picture. Overall inflation climbed 4.2 percent over the past twelve months, the highest in three years, with energy prices surging nearly 11 percent in March alone.
- Groceries, household staples, and meals out have all gotten more expensive, with no meaningful relief in sight from an administration more focused on rewarding its donors than delivering for working families.
Trump Refuses To Address Housing Affordability Even As A Bill Sits On His Desk
- Trump made the financial squeeze even worse for working families by using his power to delay a bipartisan housing affordability bill that would increase housing supply, cut red tape holding up construction, and even the playing field by limiting Wall Street investors from buying up single-family homes.
Trump To Celebrate One Of The Largest Wealth Transfers To The Richest Americans In History
- This weekend marks the one-year anniversary of the Republican spending bill, which the Congressional Budget Office found would cost the poorest Americans roughly $1,600 a year while increasing the income of the wealthiest households by an average of $12,000 annually,
- The bill betrayed working-class families and made massive cuts to Medicaid and food assistance while doling out massive tax breaks for the ultrawealthy. Independent analysts called it the largest upward transfer of wealth in modern American history. Households earning $1 million or more received roughly twice as much in tax relief as the bottom half of the country combined.
Published: Jun 29, 2026