Gas prices continued to soar during Biden’s time in office, eventually reaching a record high of over $5 per gallon, with an average price of $5.032 per gallon, according to the U.S. Energy Information Association. It was the most expensive price in the nation’s history. The following month, the average price dropped to $4.92 per gallon for regular gas, a record for the highest average price for regular gas in a single month.
Fuel costs began to drop slightly in July 2022 and continued to fall gradually for most of the remainder of the year. Gas prices fluctuated between 2022 and 2024 but remained higher than when Trump was in office. In 2024, fuel costs peaked for the year in April before starting to fall again in May. This steady decline would exist for the remainder of the year, dropping to $3.01 per gallon a week before Christmas.
Costs began to rise again after Christmas and then fell on Jan. 20, the day Trump began his second term. Gas prices never returned to the under $3 per gallon price point. It’s a sight that many in the country hope to see during Trump’s second term. Suffice it to say, that many are pleased to see the recent trend of falling gas prices. It is unquestionably a welcomed relief by all.
By
racer254 ·
