Gas Prices Plummet to Four-Year Low Under Trump Administration
Gas prices in the United States have reached their lowest point in over four years, primarily due to increased domestic energy production under the Trump administration. According to GasBuddy, the national average for gasoline has fallen to $2.98 per gallon. This significant decrease is noteworthy as it marks the lowest intra-day pricing recorded in four years.
State-by-State Breakdown of Gas Prices
At present, 35 states boast average fuel prices below $2.99 per gallon. Some states have even recorded prices below $2.00. The first station to show a cash price of $1.99 was located in Evans, Colorado. Other regions with competitive pricing include:
- Oklahoma
- Texas
- Alabama
- Arkansas
Projected Trends for the Coming Months
The current trend indicates that gas prices will likely remain under $3 per gallon for the foreseeable future. As reported by GasBuddy, barring any major disruptions, prices are expected to stay below last year’s levels as well.
This price drop is a stark contrast to the previous administration, where the national average gas prices exceeded $3 per gallon for most of President Biden’s time in office. The current declines are being felt across various states, reflecting a nationwide movement.
Regional Reports
Several local news outlets have reported on declining gas prices in their respective areas. Here are a few notable mentions:
- Birmingham, AL: Gas prices fall, national average dips below $3.
- Jonesboro, AR: Prices drop by 7 cents for the second consecutive week.
- Indianapolis, IN: Gas prices reach their lowest level since January.
- Baltimore, MD: Prices drop below $3 per gallon, the lowest since 2020.
- Detroit, MI: Prices are at their lowest since April 2021.
- Charleston, SC: Notable decrease of 10 cents across the state.
As the trend continues, drivers across different states are witnessing relief at the pump. This reduction in prices signifies an encouraging shift for American consumers, aligning with the Trump administration’s energy policies aimed at boosting economic growth.
