If it seems as if prominent Republican voices have been talking a lot less about gas prices lately, there’s a good reason for that. MarketWatch reported:
Gasoline prices extended an early decline on Monday, with the average price of the fuel at the pump below $3 a gallon for the first time since May 10, 2021, after falling for seven consecutive weeks, according to GasBuddy. It finally happened after 1,300 days and “we’re likely to enjoy these prices on and off over the holidays,” said Patrick De Haan, head of petroleum analysis at GasBuddy.
Let’s not forget that throughout President Joe Biden’s tenure, a variety of GOP officials accused the Democratic White House of deliberately pushing prices at the pump higher. That never made any sense — there’s no reason in the world that Biden would want this — but such talk appears even more foolish now.
As for what’s likely to happen to gas prices in the near future, Donald Trump’s campaign promises linger for a reason. The New York Times recently reported:
President-elect Donald J. Trump repeatedly promised voters that he would cut energy and electricity prices in half within 18 months of taking office. His transition team is just now working on a strategy to accomplish this, according to three people familiar with the discussions who asked for anonymity to discuss internal conversations.
In other words, if the Republican president-elect is correct, American consumers should expect gas prices to drop much further over the next year and a half.
Except, of course, that’s difficult to take seriously. The Times’ report added, “But energy industry experts noted that a president has limited tools to influence how much Americans pay at the pump, and even less leverage when it comes to electricity prices. More than a dozen experts said Mr. Trump’s strategy might succeed in lowering prices, but not enough to meet his goal.”
For those keeping track of the Republican’s many bold campaign promises, be sure to keep this in mind.








