Fact Check: Gasoline prices haven’t “collapsed” under Trump, despite his Treasury Secretary’s claim. Gas prices are slightly higher now than when Trump took office. Crude oil prices have declined, but that’s due to fears of a global recession related to Trump’s tariffs, not “drill baby, drill.”

9 comments

1. Yes. The $1.98 gas that Trump gleefully announced was entirely fictional. The oil & gas industry needs certain minimum prices to stay in business. So “drill baby drill” was never going to result in $40 bbl. But maybe the one thing the industry likes about the Trump administration is they are actively getting rid of climate mandates. The California EV mandate (Advanced Clean Cars 2) died a few days ago. Other gas bans and electrification mandates are being discarded. So the industry puts up with the other Trump nonsense.

2. Price is lower in my area.

3. Higher gas prices are one thing that can speed the transition to EVs. Maybe Trump’s mismanagement will help the EV industry after all.

4. if he’s breathing, he’s lying. standard GOP policy these days.

5. About $2.80 where I live and we are among the cheapest- anywhere, always

   Beef prices are insane and offensive

   We need competition in these markets

6. Debunked, cultist.

7. Information his base will never hear or read

8. There is no such thing “drill, baby, drill”.

   Trump will never reach Biden level oil and gas production and that will drive him nuts.

9. Gas prices up, crude down, which means Trump’s marketing via executive carrot and stick is doing what it is supposed to do- transfer wealth from consumers to the oil industry.

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