TRUMP ERA GAS PRICES WIN BIG IN TODAY’S BIDEN ECONOMY: ‘I HAD OIL AND GAS AT LONG TERM RECORD LOWS’
TRUMP ERA GAS PRICES WIN BIG IN TODAY’S BIDEN ECONOMY: ‘I HAD OIL AND GAS AT LONG TERM RECORD LOWS’
President Trump reminded Americans that just a few years ago, his administration had skyrocketing oil and gas prices at all-time lows in response to Joe Biden’s failing economy.
“Gasoline has just hit a 5-month high,” Trump wrote on Truth Social.
“Now that Biden has emptied the Strategic Oil Reserves, which should never have been done, here we go again… And so unnecessary. I had oil and gas at long-term Record Lows – And NO INFLATION!” He added.
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The national average for petrol prices this week, according to AAA, was $3.76 per gallon. Their greatest average occurred in June 2022, when the national average for a gallon of gasoline was $5.01.
President Trump has already noted that “gas was $1.87 at one point” during his term.
AAA National Gas Prices – Average Chart
In March, Trump ripped the Biden regime for creating an “economic catastrophe” and pushing the United States into “the highest inflation in decades.”
As reported by RSBN, he stated in a policy video, “Biden and the radical Democrat Congress single-handedly created the highest inflation in decades. They spend trillions of dollars to wage war on American energy, and pursue the socialist joke known as the Green New Deal.”
The Bureau of Economic Analysis’s second quarter report for 2022 showed that GDP had once again decreased, suggesting two-quarters of economic growth that were less than expected. Biden increased inflation from 1.4 percent when he assumed office in January 2021 to 9.1 percent in June 2022, according to RSBN.
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In September 2022, Alexander Zemek of The Wall Street Journal’s reported that Joe Biden had reduced the nation’s Strategic Petroleum Reserves to their lowest level since 1984 by releasing more oil than any other president in history combined. The depletion of stocks has occurred at the same time that violence in Eastern Europe has increased amid rumors of a possible alliance between China and Russia against Ukraine.