National Gas Price Average Falls Below $3/Gallon for First Time Since... Trump's Last Term in Office

BuT wHaT aBoUt TrUmP's PrOmIsE tO rEdUcE iNfLaTiOn

Gas prices have dropped under $3 a gallon nationwide for the first time since 2020 -- a milestone the Trump administration is crediting to its aggressive push for American energy dominance and expanded domestic production.

According to GasBuddy's head of petroleum analysis Patrick De Haan, the national average hit $2.99 on Monday -- the earliest in years that prices have fallen below the $3 mark. "Gas prices have finally fallen below $3 per gallon nationally -- the earliest date we've seen a $2.99 national average since 2020, when COVID was the primary driver of low prices," De Haan said, adding that 35 states now report averages under $2.99 per gallon. He noted that GasBuddy even recorded a $1.99 cash price in Evans, Colorado, with Oklahoma and Texas stations close behind.

De Haan attributed part of the trend to increased oil production by OPEC+, but many in Washington are pointing to President Trump's pro-energy policies as the real catalyst. The White House released a statement Monday touting the achievement as a direct result of Trump's commitment to "unleashing American energy production" and reversing what it called "years of Biden-induced economic disaster."

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During Biden's tenure, gas prices soared to record highs, peaking at $4.60 a gallon in 2022 -- a 45 percent increase from when he took office. At the time, Biden blamed Russia's invasion of Ukraine for the surge.

posted by Ace at 03:10 PM

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