Bold claim: gas prices falling under $3 a gallon is a relief Americans have waited for, and the latest numbers show the national average for regular gas at $2.99, dipping below the $3 mark for the first time in over four years, according to AAA.
U.S. Energy Secretary Chris Wright ties this dip to more than just market forces, telling Fox Business’s Kudlow that saving money now isn’t accidental. He frames it as a direct benefit of leadership that prioritizes American households over partisan or special-interest agendas, saying, “Nothing’s better than saving money at a time when families are facing higher costs.” He adds that any future price moves reflect policy choices rather than inevitable outcomes, suggesting that different political decisions could have driven prices higher.
The discussion also poses a hypothetical comparison: Wright asks what gas prices would look like if Kamala Harris had won the presidency, framing higher energy costs as the result of political decisions to make energy more expensive rather than as unavoidable facts.
As prices hovered just below $3, AAA’s data shows several states with more affordable ranges, including Texas, Louisiana, Arkansas, Oklahoma, Colorado, Iowa, Wisconsin, Kentucky, Tennessee, Alabama, and Mississippi, where prices sit roughly between $2.40 and $2.67. On the other end, higher-price states—ranging from about $3.20 to $4.54—include Pennsylvania, Washington, Oregon, Idaho, Nevada, California, Arizona, Alaska, and Hawaii.
Trump weighed in during a Tuesday press conference, predicting the national average could drop to around $2 per gallon and suggesting this would be even more achievable if the Strategic Petroleum Reserve weren’t being drawn down. He argued that energy prices are currently low across the board—gas, electricity, and broader energy costs—and attributed recent declines to policy choices, not market inevitability.
Historical context is noted: the last time gasoline prices were this low, the Colonial Pipeline cyberattack occurred, the Biden administration had begun withdrawing from Afghanistan, and COVID-19 vaccines were rolling out widely.
Secretary Wright emphasized ongoing efforts to boost domestic oil and gas supply, noting near-term expectations of higher production from the Gulf of Mexico within six to twelve months. He pointed to data showing U.S. oil production higher by nearly a million barrels per day than a year earlier, arguing that this increased activity reflects a return to common-sense energy expansion even in a low-price environment.
For readers seeking more information, Fox Business provides extended coverage and updates on gas prices and energy policy trends.
