July 4th Prices Reflect Cost of Living Challenges
On July 4th, price trends offer a straightforward glimpse into the cost of living for many Americans. However, the fireworks industry is reflecting on President Trump’s tariffs, which they argue contribute to rising prices.
As the S&P 500 reached new heights around the holiday, critics of Trump were quieted. His economic policies, especially tariffs, originally prompted predictions of a global recession. Despite some alarm, economic indicators returned to levels seen before Trump’s administration, as noted by Rolling Stone, calling it a “destruction” of the economy.
As of July 4th, contrary to these predictions, the economy showed signs of growth, with prices dropping almost every four days in July.
I noticed my go-to brand of hot dogs had a competitive 2.11% decline from last year, according to data from the Bureau of Labor Statistics. The average pack of hot dogs is now priced around $5.22 in 2025.
In comparison to Biden’s economic situation, firing up a barbecue for those hot dogs seems a bit more affordable in Trump’s America.
Propane prices have been notably volatile since 2024, with a spike observed towards the end of Biden’s presidency. Last year, they were considerably lower by July 4th.
Propane was around $2.39 per gallon in early July 2024 but rose to $2.72 by January 2025. Now, during Trump’s administration, it’s down to about $2.52—a decrease that could help make barbecuing less costly.
Getting to that party is also cheaper than last year. Data from the Democrat and Chronicle shows gas prices averaged $3.48 per gallon on July 1, 2024, but have since dropped to $3.21 by June 23, 2025.
While the Trump administration deals with gas prices that are about 15 cents higher than when he took office (YCHARTS), they are still significantly lower compared to Biden’s average of $4.88 per gallon on July 4, 2022.
After grilling those hot dogs, it’s time for fireworks. But, as is the case with many products, Americans might be bracing for higher costs. The American Fireworks Association warns that tariffs will lead to significant price increases.
According to Julie L. Heckman, executive director, prices could fluctuate based on inventory. However, the “real concern” revolves around how tariffs influence not just supply but also costs for holiday seasons like Christmas and New Year’s, alongside Independence Day 2026.
It’s noteworthy that U.S. fireworks companies rely heavily on Chinese production, with 99% of the consumer and professional market sourced there.
Heckman emphasized that the APA is advocating for tariff exemptions or more manageable rates from the Trump administration’s trade representatives.
When questioned about the feasibility of U.S.-made fireworks, Heckman’s response highlighted the difficulties: “Unfortunately, it could take decades to restore domestic production. It’s dangerous work that needs highly skilled workers.”
She added that production is very hands-on and tedious, with little room for automation. Even if the U.S. revives its fireworks industry, it’s doubtful they could meet annual consumer demand.
On the other hand, Michigan’s fireworks retailers seem unconcerned about tariff consequences, having already stocked inventory despite looming tariffs. Brian Schafer from WXMI described the tariff discussions as mere marketing tactics designed to inflate prices, while Phantom Fireworks’ Aaron Snowden suggested that price increases are likely for the upcoming year.
No matter how prices play out in 2026, one thing is clear: this year, prices on July 4th in Trump’s economy have dropped, particularly for those hitting the road for barbecues.
