Pump Pain: How Soon Will Gas Prices Finally Drop?

The Fox News Rundown

FOX News Podcasts

News, Daily News, Politics

3.4 • 1.7K Ratings

🗓️ 6 May 2026

⏱️ 28 minutes

🔗️ Recording | iTunes | RSS

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Summary

The average price of gasoline has soared over the last two months, but the Trump administration insists that relief is coming rapidly once hostilities with Iran conclude. FOX Business Correspondent Lauren Simonetti joins the Rundown to break down the reality of the energy market including why the U.S. is exporting record amounts of natural gas while domestic prices remain high and what it means for your wallet now that the UAE is leaving the world’s biggest oil cartel. Plus, they also discuss if the U.S. is poised to become the new global "power center" for energy. The Trump administration’s "Make America Healthy Again" initiative is targeting the high cost of healthcare through aggressive drug price negotiations and new transparency mandates. President Trump’s National Coordinator for Health Information Technology, Dr. Tom Keane, joins to discuss the implementation of a policy requiring drug companies to match the lower prices paid by other countries, the launch of the TrumpRx discount platform, and a new rule requiring doctors to show patients real-time drug costs and cheaper alternatives during appointments. PLUS, commentary by Jason Chaffetz, FOX News contributor and the host of the Jason In The House podcast on FOX News Radio. PHOTO CREDIT: ASSOCIATED PRESS Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

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0:00.0	I'm Steve Ducey. I'm Sandra Smith. I'm Jimmy Fala, and this is the Fox News Rundown.
0:08.4	Wednesday, May 6th, 2026. I'm Jessica Rosenthal. Can oil and gas prices come back down as quickly as the president promises, or will it take a bit of time, given all the damage Roni and attacks have caused to Gulf State oil and gas facilities?
0:23.5	It is a good thing that drill baby drill is the name of the game right now.
0:27.4	Watch for any Permian Basin.
0:29.5	Watch if any of those drillers say that they're going to start drilling more.
0:34.2	I'm Dave Anthony.
0:35.7	The Trump administration is touting efforts to save us money on prescription
0:40.3	drugs. Drug companies are going to be able to profit from them, which is a fair thing to ask them
0:45.3	to be able to do. What we can't have them do is charge different prices for Americans and overseas folks
0:51.4	or price gouge. And I'm Jason Chaffetz.
0:55.0	I've got the final word on the Fox News rundown.
1:02.3	The average price of gasoline has soared in the last two months,
1:06.1	with the national average near $4.50 a gallon.
1:09.4	But President Trump continued this week to state that this is
1:12.5	temporary and had been due to conflict in Iran. I see it going down very substantially when this is
1:17.8	over, Chris, and I think very rapidly too. His Treasury Secretary Scott Besson echoed this on Fox News
1:23.8	this week. We are cognizant that the, that this short-term blip up in prices is affecting
1:31.4	the American people, but I am also competent on the other side of this. Prices are going to
1:36.1	come down very quickly. You know, the conflict will end. The president insists the price is worth
1:41.7	it. That's a very small price to pay for getting rid of a nuclear weapon
1:47.5	from people that are really mentally deranged. And while much of Iran's capabilities have been
1:52.8	destroyed, they've used much of it to target oil and gas facilities in the Gulf and continued to
	...

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