Gas prices often increase in the summer as more motorists hit the road, but this year’s pump prices have dropped to match the summer of 2021, the last time seasonal gas prices were this low.
The national average is down about 3 cents per gallon from last week, returning to the price from a month ago, $3.16. One year ago, gas prices were at $3.574. Gas prices were also at a four-year low on Independence Day.
The White House is attributing the phenomenon to President Donald Trump’s energy agenda, which Energy Secretary Chris Wright told The Daily Signal can be summarized as making it “easier to build energy-production capacity and stop subsidizing stuff that’s not been helpful.”
“Prices at the pump keep dropping, thanks to President Trump unleashing American energy,” White House assistant press secretary Taylor Rogers told The Daily Signal. “President Trump ended Joe Biden’s reckless war on American energy, and he’s making life more affordable for families as a result.”
Trump signed an executive order on Day One in office to speed up the completion of energy projects through emergency measures. The order read in part that “agencies shall identify and use all lawful emergency or other authorities available to them to facilitate the supply, refining, and transportation of energy in and through the West Coast of the United States, Northeast of the United States, and Alaska.”
He also signed an order encouraging energy exploration and production on federal lands and waters, including on the outer continental shelf.
The post Trump Admin Hails Summer Gas Prices Dropping to 4-Year Low appeared first on The Daily Signal.
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Author: Elizabeth Troutman Mitchell
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