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The following chart shows how US production hit a new high during Obama’s presidency in 2015, hit another series of highs under Trump, and then dropped sharply after COVID hit in 2020.
Conversely, the average price per gallon during Biden’s presidency so far is $3.61 — 40% more than even Trump’s higher average. Gas peaked at over $5 for the first time ever in June 2022.
Trump is expected to speed drilling permits that took an average 258 days to complete during ... Trump’s promise to chop gas prices amounts to his most specific blueprint for addressing ...
Average Gas Prices In January 2021, the average retail gasoline price in the U.S. was $2.42. By February 2024, that average had risen to $3.33, representing a 38 percent increase.
That said, Trump also may employ a number of sanctions on Iran — a country that exports approximately 1.7 million barrels per day — which would create a fuel vacuum that could spike gas prices ...
Rattner explained that job creation and real wage growth had slowed comparing the end of the Obama administration with an equal period elapsed during the Trump administration; that the 4.1% real GDP growth in Q2 2018 was increased by non-recurring trade contributions and was exceeded during four quarters of the Obama Administration; that 84% of ...
Trump has criticized Harris and Biden over gas prices. But gas prices are falling, challenging his narrative. Prices are now averaging around $3.30 a gallon nationally, AAA reported.
a series about. Donald Trump: Business and personal. Business career. ... U.S. Representative from PA-15 (1999–2005) (will not vote for Trump in general election ...