Gas Prices Plummet to Historic Low in Nearly Five Years, But Trump Still Falls Short on Campaign Pledge.
The average price of regular gasoline has plummeted to $2.897 per gallon nationwide, marking its lowest level in over four years, according to GasBuddy data. This downward trend is attributed to the stabilization of global oil markets following a recent increase in OPEC production and a significant decline in refinery maintenance costs.
Gas prices have been on a steady decline since earlier this year, with some stations already selling gas below $2 per gallon, as predicted by Patrick De Haan, head of petroleum analysis at GasBuddy. "The market just works," De Haan said. However, Trump has yet to meet his campaign pledge to get gasoline prices under $2 per gallon.
Critics argue that Trump's energy policies are responsible for the decline in gas prices, while supporters attribute it to the natural fluctuations in the oil market. The president himself claims that his administration's efforts have led to lower energy costs nationwide. However, with gas prices still below $3 per gallon in most states and only a few stations offering gas under $2 per gallon, Trump remains short of his campaign promise.
Experts point out that gas prices don't need an economic recession to drop; sometimes the market simply adjusts to supply and demand imbalances. As the holiday season approaches, Americans are breathing a sigh of relief as they take advantage of lower gas prices.
The average price of regular gasoline has plummeted to $2.897 per gallon nationwide, marking its lowest level in over four years, according to GasBuddy data. This downward trend is attributed to the stabilization of global oil markets following a recent increase in OPEC production and a significant decline in refinery maintenance costs.
Gas prices have been on a steady decline since earlier this year, with some stations already selling gas below $2 per gallon, as predicted by Patrick De Haan, head of petroleum analysis at GasBuddy. "The market just works," De Haan said. However, Trump has yet to meet his campaign pledge to get gasoline prices under $2 per gallon.
Critics argue that Trump's energy policies are responsible for the decline in gas prices, while supporters attribute it to the natural fluctuations in the oil market. The president himself claims that his administration's efforts have led to lower energy costs nationwide. However, with gas prices still below $3 per gallon in most states and only a few stations offering gas under $2 per gallon, Trump remains short of his campaign promise.
Experts point out that gas prices don't need an economic recession to drop; sometimes the market simply adjusts to supply and demand imbalances. As the holiday season approaches, Americans are breathing a sigh of relief as they take advantage of lower gas prices.
It's almost like the market just decided to chill out on oil production and whatnot. And yeah, Trump still hasn't met his pledge, which is pretty laughable considering most stations are still selling gas above $2 a gallon. I'm not sure if it's Trump's policies or just the natural fluctuation in the oil market that's causing prices to drop, but whatever works, right? 
Anyway, with the holiday season coming up, I'm definitely stocking up on gas and saving some cash – problem solved! 
. I mean, who needs an economic boom when you can have super cheap gas, right? And let's give credit where credit is due, OPEC and refinery costs are definitely a thing that happened. But still, Trump's campaign promise of under $2/gallon was a nice try... we'll just have to pretend it was a 'natural fluctuation' in the market 
. I guess this means Americans can finally afford to take their SUVs out for a spin without breaking the bank 
. The fact that it's just the market adjusting to supply and demand imbalances doesn't change the fact that Trump didn't deliver on his promise. And let's be real, if gas prices were this low in the first place, there was no need for him to make a big deal about it 
I remember last year when I was planning a road trip for summer and gas prices were through the roof 
and now it's like half that price who knew? anyway, I'm not surprised though, I mean oil prices have been all over the place lately 
and production from OPEC is up 
so yeah, market adjustments happen that's why experts are saying it doesn't need an economic downturn to drop. it's cool to see americans getting a break from high gas prices this holiday season tho, can't wait for summer road trips with my crew 
It's crazy how gas prices can be all over the place... like, yeah, $2.897 per gallon is low, but it's still not under $2. And I'm not surprised Trump's campaign pledge didn't get met - these markets are wildcards. Some people will say he made a difference, others claim it's just supply and demand... me? I'll take the lower prices any day! 
. I mean, it's not like Trump didn't promise us this would happen. It just feels like we're seeing some natural market correction here rather than any big policy win from the administration. But hey, at least people can breathe a little easier with gas prices that low 
. Still, you'd think if he was really going to hit $2 per gallon, it'd be more widespread by now... I guess only time'll tell 
. It's not like Trump had some secret plan to magically make gas prices tank 
. And honestly, it's great for people who drive a lot or live in areas where gas is super expensive – I'm sure they're pretty stoked about this price drop 
. Still, it's kinda funny that critics are all like "Trump did it!" while supporters are like "it just happened naturally" 
. Anyway, bring on the cheap gas and let's fill up those tanks! 
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. I mean, I guess the market does what it wants anyway 
. And honestly, I'm not even sure why we need an economic recession for gas prices to drop, right? It's all about supply and demand 
. Anyway, it's great news for us drivers 
!
anyways glad its not $3+ per gallon at least now people can afford to drive around more 