PolitiFact evaluated a claim made by Donald Trump during a campaign rally in Perry, Georgia, where he asserted that current retail gasoline prices are lower than at any point during the presidential administrations of Joe Biden and Barack Obama. The statement was delivered as part of a speech criticizing previous energy regulatory policies and claiming historical credit for domestic fuel price trends.
To verify the assertion, fact-checkers reviewed weekly nationwide retail pump price data published by the U.S. Energy Information Administration dating back several decades. Historical records clearly show that nationwide regular unleaded gasoline averaged below two dollars per gallon for extended multi-month periods during the Obama presidency, particularly in early 2009 and early 2016. Furthermore, pump prices fell significantly during 2020 and parts of the Biden term. Because verifiable historical figures contradict the absolute claim of unprecedented low costs, PolitiFact rated the statement false.
Created by Ayen Stabel.
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Trump said gasoline is cheaper now than during Biden, Obama presidencies. Is it?