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A lot of drivers think gas prices are higher under Democratic presidents than under Republicans. Here are the facts. From the Newmaverse: Democrats, Republicans and gas prices [Video]
CNN reported in September 2020 that GDP grew 4.1% on average under Democrats, versus 2.5% under Republicans, from 1945 through the second quarter of 2020, a difference of 1.6 percentage points. [3] In February 2021, The New York Times reported: "Since 1933, the economy has grown at an annual average rate of 4.6 percent under Democratic ...
Even adjusting for inflation, gas prices have been considerably higher under Biden. The average Trump price, in 2024 dollars, was $3.18. The average Biden price was $3.86. That’s 21% higher ...
Separate data from AAA show the nationwide average for gas prices is $3.217 per gallon, down 17% from a year ago. Most states in the South and parts of the Midwest already pay less than $3 ...
Without citing specific data, Secretary of Energy Jennifer Granholm said the projected price increase is due to “the increasing domestic price of the natural gas itself, increases in electricity ...
Months ago, sky-high gas prices were a major reason why Democrats’ prospects looked bleak. But as candidates hit the homestretch ahead of the Nov. 8 midterms, the lower gas…
Trump's plan to 'drill. baby, drill' isn't likely to spark more oil production, lower gasoline prices, and help reverse inflation, analysts say.
Trump has criticized Harris and Biden over gas prices. But gas prices are falling, challenging his narrative. Prices are now averaging around $3.30 a gallon nationally, AAA reported.