Freedom Fuel Reportedly Raises Prices After Selling $3.47 Gas For Trump

Forbes Published Jul 21, 2026 Reviewed Jul 22, 2026 ✓ Reviewed by citations.press editors

Freedom Fuel Network sold gasoline at $3.47 per gallon in an apparent gesture toward President Donald Trump before raising prices to around $3.92 per gallon at several Philadelphia and southern New Jersey locations.

Several Freedom Fuel stations sold gas at $3.92 per gallon as of Monday, while nearby competitors charged between $3.89 and $4.09 per gallon, according to The Philadelphia Inquirer.

The average price for a gallon of gas in Philadelphia was $4.19 as of Tuesday, up from $3.95 the previous week, matching the statewide average, which AAA reported as the costliest on the East Coast.

A White House spokesperson stated that Freedom Fuel did not receive government subsidies and did not acquire gas at a lower price, and noted the company’s lower prices would continue “for as long as the company chooses.”

Fourteen of Freedom Fuel’s 25 locations are controlled by companies linked to Shamikh and Syed Kazmi, eight of which are leased from the investment firm Blue Owl Capital, according to the Associated Press.

In 2021, a federal judge in New Jersey ordered Shamikh and Syed Kazmi to pay more than $600,000 to a fuel supplier that alleged they stole gas.

GasBuddy’s head of petroleum analysis, Patrick De Haan, said of Freedom Fuel’s price point: “Generally, when losses happen, somebody’s got to pay for it.”

The Freedom Fuel Network, a private company that launched more than two dozen gas stations across New Jersey and Pennsylvania, is reportedly no longer selling fuel at the sharply discounted price of $3.47 per gallon, which was done in an apparent nod to President Donald Trump.

Several Freedom Fuel stations, including some locations in and around Philadelphia and southern New Jersey, sold gas at around $3.92 as of Monday while nearby competitors charged between $3.89 and $4.09, The Philadelphia Inquirer reported.

The average price for a gallon of gas in Philadelphia was $4.19 as of Tuesday, up from $3.95 last week, matching the statewide average, which is the costliest on the East Coast, according to AAA.

A White House spokesperson told the Inquirer that Freedom Fuel did not receive government subsidies and did not acquire gas at a lower price, noting the company’s lower prices would continue “for as long as the company chooses.”

Randy Brown, a senior special teams coach for the Baltimore Ravens, and former commodities trader Yoni Gontownik formed Freedom Fuel on June 23, a week before Trump promoted the stations, according to Politico. Fourteen of Freedom Fuel’s 25 locations are controlled by companies linked to Shamikh and Syed Kazmi, eight of which are leased from the investment firm Blue Owl Capital, the Associated Press reported. Both Shamikh and Syed Kazmi have reportedly faced claims of unethical business practices in recent years: In 2021, a federal judge in New Jersey ordered the Kazmis to pay more than $600,000 to a fuel supplier that alleged they stole gas.

Trump, who has repeatedly promised lower gas prices, announced the Freedom Fuel Network in a Truth Social post earlier this month. Trump said the gas stations were “taking the lead” at offering lower gas prices, even as costs began to rise again as a peace deal between the U.S. and Iran unraveled. It was previously unclear what company was behind the gas stations, and some analysts warned their lower costs were unrealistic without some form of government subsidy. Patrick De Haan, GasBuddy’s head of petroleum analysis, reportedly said of Freedom Fuel’s price point: “Generally, when losses happen, somebody’s got to pay for it.”

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