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Gas peaked at over $5 for the first time ever in June 2022. When adjusted for inflation, Trump’s average is $3.18 in 2024 dollars, 21% less than Biden’s inflation-adjusted price of $3.86.
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.
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.
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 ...
Under Trump, the U.S. national ... for the typical middle-class worker in 2018 would be offset by higher gas prices. ... to grow 2.0% on average under the April 2018 ...
Gas prices are expected to stay under $3 per gallon, on average, through the end of 2024. ... the average gas price per gallon in the state has fallen from $3.37 a month ago to under $2.98 on ...
In Michigan, AAA found, the state average dropped 12 cents from a week ago to $3.25 a gallon. That’s about $48 for a 15-gallon tank. Throughout Michigan, the most expensive areas on Sunday were ...
A study published in fall 2019 in the Journal of Economic Perspectives found that by December 2018, Trump's tariffs resulted in a reduction in aggregate U.S. real income of $1.4 billion per month in deadweight losses, and cost U.S. consumers an additional $3.2 billion per month in added tax. [ 24 ]