Gas Prices Hit Multi-Year Low Under Trump, GasBuddy Predicts It Will Be Like 2003 All Over Again
GasBuddy predicts that gas prices in the U.S. will average $3.08 per gallon for Memorial Day, the lowest since 2021, and the best prices when adjusted for inflation since 2003. This is a significant enhancement compared to the staggering $5.10 per gallon seen during memorial Day in 2022. Rising gas prices were attributed to factors such as inflation and market conditions during President Biden’s administration, which include policies that restricted access to American energy resources. The article emphasizes the economic concerns of Americans, highlighting how inflation affects thier daily expenses. In contrast, it suggests that Trump’s recent executive actions aim to bolster American energy production, reflecting the importance of gas prices in the broader economic discussions in the lead-up to the 2024 election.
GasBuddy has tremendous news for Americans at the pump after four disastrous years under former President Joe Biden and former Vice President Kamala Harris.
Vermont Biz reported Thursday that GasBuddy anticipates gas will be $3.08 a gallon on Memorial Day.
That’s the cheapest it’s been for Memorial Day since 2021. However, when adjusting for inflation, Americans will enjoy the best prices they’ve had since 2003 if the prediction holds.
When it comes to gas prices adjusted for inflation, the US Energy Information Administration shows a clear upward trend beginning under Biden.
Memorial Day 2021 saw gas $3.64, the first of the forty-sixth president’s term.
Memorial Day 2022 saw gas go to a staggering $5.10 per gallon.
Gas prices have been on the road to recovery and it’s safe to say every American hopes it will stay that way.
In 2022, the Hoover Institution attributed several factors to rising gas prices under Biden including inflationary spending and the oil market.
Biden notoriously put as many roadblocks as possible between Americans and American energy.
The American Energy Alliance provides “100 Ways Biden and the Democrats Have Made it Harder to Produce Oil & Gas,” listing all of his executive actions to that end.
His canceling of the Keystone XL Pipeline comes to mind along with his suspension of new oil and gas leases on public land.
It’s always worth saying – the economy is not the place our public officials can afford to be dishonest.
Americans drive to work. They pay at the pump.
They plan for the future and work hard in hopes to retire.
When they notice their money disappearing for the things they used to more readily afford, it becomes a problem.
Small wonder Pew Research reported the economy was the leading issue for Trump supporters in the 2024 election. They were sick of Biden pontificating from the Oval Office while they suffered and saw the American Dream disappear.
Trump’s January 20th executive order, “Unleashing American Energy” did many things to that end, notably revoking a number of executive orders from his predecessor the president felt was holding the country back.
The left can go on about Trump’s rhetoric, his behavior, or whatever else encompasses their usual line of attack.
The numbers don’t lie and that’s what Americans care about.
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