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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsTrump Falsely Says Gas Prices Have Reached A 20-Year Low--Here's The Real Data
Topline
President Donald Trump falsely claimed Wednesday that gasoline prices have fallen to their lowest point in 20 years, contradicting data from multiple sources showing current costs are above what they were in 2005.
Key Facts
Trump, who spoke at the America Business Forum in Miami, said gasoline prices have plummeted to the lowest in two decades.
The national average for gas prices is nearly $3.10 per gallon as of Wednesday, according to GasBuddy data, just above the level it was at last year.
Patrick De Haan, head of petroleum analysis at GasBuddy, said in a tweet the average price of gas Wednesday would need to decline below $3 to $2.96 on average to fall to its lowest level since 2021.
https://www.msn.com/en-us/money/markets/trump-falsely-says-gas-prices-have-reached-a-20-year-low-here-s-the-real-data/ar-AA1PSt2t
spanone
(140,655 posts)Stargleamer
(2,561 posts)I hate this euphemistic bs!!!
He never gives a fuck with what the truth is!
Prairie Gates
(6,797 posts)This is why it's a good issue for Dems to put front and center. Trump can lie about grocery prices all he wants. It's not like lying about trans kids. People are exposed to the truth every time they get gas or check out of the grocery store. Ideology will cause them to deny it for a while, but you can't eat your ideology. Reality catches up far faster than it does for Trump's goofy cultural issues.
Emile
(39,090 posts)wishstar
(5,791 posts)Right before he took office the first time and within weeks a Colonial Pipeline incident raised it up permanently to well over $2.00. My last fill up was $2.55 in my area.
madinmaryland
(65,625 posts)The whole world shut down for a few weeks.
Johonny
(25,053 posts)Because it's a sign of low demand. And low demand usually means, completely shit economy.
Norrrm
(3,399 posts)dsc
(53,254 posts)but for all the wrong reasons. They fell again in 2020, but again for all the wrong reasons. Gas prices are reasonably low to be fair.
Marthe48
(22,335 posts)Gas today is $3.25/9 gallon. Post election hike. (and mind that rwnj are still in charge)
Marietta, Ohio.
Blue Full Moon
(3,006 posts)Not good, expected this and just like during COVID. Gasoline has a shelf life. With a lack of tourists and flights it's not being used.