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“Those prices, they’re not rolling back.” ‘Keep it simple, stupid’: Former Home Depot CEO says Trump’s proposals resonate with all Americans ‘dying under 9.1% inflation.’
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 ...
Prices have since retreated, with AAA noting that the average price for regular gas was $3.222 per gallon as of Sept. 20. But is Trump’s gas bill an exaggeration?
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.
De Haan’s belief is that, spikes aside, the average price of gas would decrease to approximately $3.00 by the summer of 2025, and decrease to under $3.00 per gallon by 2025’s end. More From ...
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.
And higher gas prices will make it more expensive to move goods around the country.
Trump's plan to 'drill. baby, drill' isn't likely to spark more oil production, lower gasoline prices, and help reverse inflation, analysts say.