Gas prices drop below $3 nationwide as Trump says $2 gas within reach
Americans are experiencing a welcome relief at the pump, as the national average for regular gas fell to $2.99 on Monday, according to AAA. This marks the first time prices have dipped below $3 in over four years.
U.S. Energy Secretary Chris Wright attributes this drop to the administration's focus on boosting domestic oil and gas supply. He argues on FOX Business' 'Kudlow' that 'nothing’s better than saving money' for families struggling with rising costs.
"Every week, filling up your gas tank means more money in your pocket to buy gifts for your kids and pay bills," Wright explained. "This is what happens when a president prioritizes the American consumer over special interests or political agendas."
Wright highlighted the contrast between the current administration's policies and those of a hypothetical President Kamala Harris, suggesting that energy prices would be higher under her leadership.
"Imagine if [Kamala] Harris had won the election, where would gasoline prices be today? How would American consumers feel?" he asked. "These are political choices, not unfortunate facts."
The energy abundance is expected to 'rebalance' America as demand hits record highs nationwide, according to an expert quoted in the article.
States with gas prices in the lowest range of $2.40 to $2.67 include Texas, Louisiana, Arkansas, Oklahoma, Colorado, Iowa, Wisconsin, Kentucky, Tennessee, Alabama, and Mississippi. States facing the highest prices — $3.20 to $4.54 — include Pennsylvania, Washington, Oregon, Idaho, Nevada, California, Arizona, Alaska, and Hawaii.
President Donald Trump expressed optimism about the possibility of reaching $2 a gallon, attributing this to the Strategic Petroleum Reserve, which he claims was depleted by the current administration.
"We could do it more easily if we weren't building up the Strategic [Petroleum Reserve], which Biden emptied out," Trump said. "They brought it down to the lowest level, I believe, in history. But our prices for energy and gasoline are now really low."
The last time U.S. gas prices were this low, significant events such as the Colonial Pipeline cyberattack, the Biden administration's Afghanistan withdrawal, and the widespread availability of COVID-19 vaccines were occurring.
The article concludes by emphasizing the ongoing efforts to increase domestic oil and gas production, with Secretary Wright stating, 'We will see increasing production in the next six to 12 months out of the Gulf of America.'
