Trump Falsely Says Gas Prices Have Reached A 20-Year Low--Here's The Real Data [View all]

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