Trump says gas prices will drop to $2 'pretty soon' and it will be 'better than a tax cut' -- but is that realistic?
During a press conference in Tokyo covered by Fox News, Trump claimed that Americans are “going to see $2 gasoline pretty soon,” adding that the drop in price would prove “the equivalent of something bigger than a tax cut.” [1]
The national average price for regular gas hasn’t dropped under $2 a gallon since May 2020, according to government data. Still, Trump’s statement echoed one of his 2024 presidential campaign promises to do the same — a boast that was ultimately met with skepticism.
“Our figures are not even on the same planet as what the President-elect has promised,” Patrick De Haan, head of petroleum analysis for price-tracking app GasBuddy, told CNN at the time. [2]
That said, last month the national average gas price fell below $3 a gallon for the first time since December 29, 2024, hitting $2.97 per gallon, according to GasBuddy. [3] Some states, like Arkansas, Oklahoma and Texas, got as low as $2.45-$2.55.
https://www.msn.com/en-us/money/news/trump-says-gas-prices-will-drop-to-2-pretty-soon-and-it-will-be-better-than-a-tax-cut-but-is-that-realistic/ar-AA1QkcyH
Basically he's a delusional old fart.
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