Trump’s $1.99 Gasoline Claim: Pressure for Energy Stocks, Tailwind for Airlines and Consumer ETFs

President Trump has posted a new announcement on Truth Social, the social media platform. He wrote:

“Now we are breaking $1.99 a gallon. AFFORDABILITY!”

How Will Trump’s Statement Affect the Stock Market?

This latest post has the potential to affect the stock market. That’s because Trump’s post celebrating gasoline at $1.99 a gallon could pressure sentiment on integrated oil majors like Chevron (CVX) and Exxon Mobil (XOM), as well as energy-focused ETFs such as XLE, OIH and VDE, by reinforcing expectations for lower fuel prices and thinner profit margins. Conversely, cheaper fuel is generally bullish for airlines like Delta (DAL) and consumer-focused funds like VCR and XLY, as it can lower operating costs and boost discretionary spending power. The overall market reaction would depend on whether investors see the comment as political rhetoric or a credible sign of policy and supply shifts that could structurally change energy prices.

Here are some of the stocks that might be affected:
Chevron ((CVX)),
Delta Air Lines Inc. ((DAL)),
Exxon Mobil Corp. ((XOM)),
Energy Select Sector SPDR Fund ((XLE)),
Vanguard Consumer Discretionary ETF ((VCR)),
VanEck Oil Services ETF ((OIH)),
Vanguard Energy ETF ((VDE)),
Consumer Discretionary Select Sector SPDR Fund ((XLY)).