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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.
When Trump took office in January 2017, the average price of gas was $2.47 per gallon. The average for his entire four-year term was only slightly higher, at $2.57.
The average price of gas as of Nov. 11 is currently $3. ... and decrease to under $3.00 per gallon by 2025’s end. ... How President-Elect Trump’s Win Could Change Gas Prices. Show comments ...
Trump has made high gas prices under Harris and Biden a cornerstone of his campaign. One problem: Gas prices are falling. ... The national average price for a gallon of gas was $3.30, a 6-cent ...
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.
Writing in The Washington Post, Phillip Bump explained that for Trump's first term as of September 2019, performance on several key variables was comparable or below Obama's second term (January 2013 – September 2016), as follows: 1) Real GDP was up 7.5% cumulatively under Obama, versus 7.2% under Trump; 2) The total number of jobs was up 5.3 ...
Although Trump has said foreign countries pay his tariffs, U.S. tariffs are paid by U.S. consumers and businesses either directly or in the form of increased prices. [ 1 ] [ 2 ] [ 3 ] Trump also said his tariffs would reduce grocery prices for Americans, even though tariffs are inflationary. [ 4 ]
The current average price of gas is about $3.34. Those same statistics show that the lowest average gas price under Trump was $2.34 in January 2019. Prices have not been at or under $1.40 since ...