U.S. President Donald Trump told a cabinet meeting on 26 Aug 2025 that crude trading "close to $60 a barrel" is "good" for the economy and said he expects prices to "break" below that level soon. He attributed the recent slide to higher domestic output and said additional production gains should keep energy costs in check. Trump asserted that cheaper oil is translating into lower consumer costs, stating gasoline is "probably $2.25" nationwide and has fallen below $2 in parts of the South. AAA data the same day showed the national average pump price at $3.19 a gallon, with Mississippi the lowest-priced state at $2.69. The president also cited declines in grocery and egg prices as evidence inflation is easing, and repeated his preference for fossil-fuel development over large-scale solar or wind installations, which he argued take farmland out of production.