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Excluding the COVID pandemic that dominated Trump’s last 10 months in office and sent oil and gas prices plummeting, the average pump price was $2.67. When Biden took office in January 2021, gas ...
Americans’ fury over high prices under President Joe Biden was a big reason Vice President Kamala Harris lost the ... Trump’s promise to chop gas prices amounts to his most specific blueprint ...
Trump promised on the campaign trail just months ago to take charge of high prices. In August, he held a news conference at his New Jersey golf course standing next to a table of grocery items and ...
Trump also specifically promised to get gas prices down: “I will cut your energy prices in half within 12 months.” Trump said during the campaign, and in his Time interview, that cutting ...
Given Canada’s share of the U.S. energy supply, gas prices could increase, especially in the Midwest, where so much Canadian crude oil is refined. Trump has changed his tune on the consequences for consumers. Candidate Trump made sweeping, fantastical promises about the U.S. economy.
Under Biden, prices soared, reaching a national average of $4.93 and a California average of $6.29 in June, 2022. A surge in post-pandemic demand and supply tightening as Russia invaded Ukraine ...
Even though gas prices have been higher under Biden than under Trump, it’s not for lack of production. ... as Trump promises, would reduce the supply of workers,” the Tax Policy Center (TPC ...
Trump’s order included a promise to escalate the tariffs if U.S. trading partners answered with their own. That threat did not prevent a swift response . Before they talked to Trump on Monday, Sheinbaum had ordered retaliatory tariffs, and Canadian Prime Minister Justin Trudeau said he would put matching 25% tariffs on up to $155 billion in U ...