Gas Prices are Down 8% Since Trump Took Office
Average prices at the pump reached an all-time high of over $5 per gallon under Joe Biden. Now they're falling due to Trump's pro-energy policies.
Just a year ago, drivers nationwide paid $0.50 more per gallon of gasoline under Biden than they do today under President Trump. Three years ago, the difference was a staggering $1.34 more for the same gallon.
Overall, average gas prices are down 8.3% under Trump compared with the Biden years.
In the President's first 100 days, gas prices have dropped back to healthy levels after four years of anti-energy policies pushed by Democrats, which spiked average prices to an all-time national high of $5 per gallon.
Under Biden, average gas prices rose 40%—from $2.50 to $3.50—compared with Trump's first term. Peak prices under Biden rose a stunning 69%, reflecting market volatility from 2021–2025.
While Democrats blamed it on Russia's invasion of Ukraine, the real driver was inflation, itself driven by massive government spending. Biden's $1.9 trillion stimulus package in early 2021 and $900 billion Inflation Reduction Act in 2022 did little to help families out of the COVID recession, but did a lot to bankroll special interests on the Left.
$940 million of it, for example, went to a little-known nonprofit created to pull in "green" grants for funding electric vehicles, solar panels, and a "net zero" transition away from traditional fuels.
A provision of the Inflation Reduction Act required 40% of key program benefits go to "disadvantaged communities," in effect taxpayer-funded DEI handouts marketed as lowering inflation levels. Trump canceled the DEI requirement on his first day in office.
(RELATED: Biden’s Multi-Billion “Climate Justice” Kickback Scheme Exposed)
Those same far-left environmentalist policies also wreaked havoc on oil production. Biden placed a moratorium on new oil and gas leases on federal lands to throttle production and canceled an expansion to the Keystone Pipeline on his first day in office.
In his final days in office, Biden ordered a halt on all offshore oil drilling nationwide to gum up the works for Trump.
Desperate to combat rising gas prices, Biden began draining the Strategic Petroleum Reserve—held in case of emergencies—just before the 2022 midterm elections. We now know his administration drained it so rapidly that it damaged the storage facilities, leaving the Trump administration to fix the damage years later.
The sabotage plan doesn't seem to be working, however. Already, the Trump EPA is looking to reverse the phony 2009 Endangerment Finding identifying carbon dioxide as a pollutant, which is the basis of the entire climate regulatory agenda. Overturning it would devastate the anti-energy activists' ability to curtail oil and gas production in the future.
After that, the sky's the limit. Drivers rejoice.
(READ MORE: Celebrating American Independence With an All-Out Assault on Anti-Constitutional Climate Measures)
