Trump promised to slash energy costs
Average U.S. gasoline prices under Donald Trump's current term have surpassed those seen during the Biden administration. This trend contradicts a campaign promise by Trump to reduce gasoline costs to below $2 per gallon during his first year in office. Recent data shows gasoline prices have risen 34% and heating oil has increased 74% as the country approaches midterm elections. Prices for diesel and jet fuel have also increased, while petrol prices are projected to reach record highs.
Listen to Live Briefing
Real-time synthesized voice briefing · Live Feeds Desk
- ✓ Donald Trump promised to lower gasoline prices to below $2 a gallon in his first year in office.
- ✓ Average U.S. pump prices during Trump's term now exceed those from the Biden administration.
- ✓ Gasoline, diesel, and jet fuel prices have all increased.
What changed
Average pump prices during Trump's term now exceed those of the Biden administration.
Live updates
-
U.S. Gas Prices Exceed Biden Era Averages Under Trump 2.0
Average U.S. gasoline prices under Donald Trump's current term have surpassed those seen during the Biden administration. This trend contradicts a campaign promise by Trump to reduce gasoline costs to below $2 per gallon during his first year in office. Recent data shows gasoline prices have risen 34% and heating oil has increased 74% as the country approaches midterm elections. Prices for diesel and jet fuel have also increased, while petrol prices are projected to reach record highs.
Why it matters
Energy costs are a primary concern for voters facing inflation. These price shifts occur as the U.S. prepares for midterm elections, impacting voter sentiment in oil-producing regions like Oklahoma.
What is confirmed
- Donald Trump promised to lower gasoline prices to below $2 a gallon in his first year in office.
- Average U.S. pump prices during Trump's term now exceed those from the Biden administration.
- Gasoline, diesel, and jet fuel prices have all increased.
Still unconfirmed
- Petrol prices are set to hit a record high on the eve of US elections.
- Gasoline is up 34% and heating oil is up 74% as voters head to the midterms.
- A one-dollar price rise would push Trump's popularity to a record low.
What to watch next
- Midterm election results and their correlation to energy price dissatisfaction
- Official government reports on fuel price averages for the first year of the term
confidence 90%Sources used for this update (20)
- www.yahoo.com — Yahoo
- flipboard.com — Beloved singer’s wife killed after welcoming robbery suspects with lemonade
- www.theguardian.com — AI godfather Geoffrey Hinton: ‘We’re creating alien beings. I’m willing to be selfish and choose humans’ | Donald Trump
- www.thedailybeast.com — How Trump Just Proved He’s America’s Worst Ever Traitor
- CNN — Gas under Trump 2.0 is now more expensive than it was under Biden
- Reuters — Average price of gasoline during Trump's term now exceeds Biden's, as midterms loom
- www.cnbc.com — Oil today: Iran, US, crude, wti, brent, trump
- cashwalklabs.io — GM will switch to Nasdaq from the NYSE on Nov. 17
- CNBC — Trump promised to slash energy costs — but gasoline, diesel and jet fuel all soared instead
- The Telegraph — The one-dollar price rise that would push Trump’s popularity to record low
- Pew Research Center — Gas Prices Are High Now, but for Many Americans They Were Even Higher in the Past
- 13WHAM-TV — High gas prices weigh on local voters as Election Day nears, drivers say
Community Sentiment: How do you assess this situation?
Voice your perspective · Real-time aggregated sentiment from the Live Feeds community