President Joe Biden claimed Thursday that gas prices were “over five dollars” a gallon when he took office – but, they were actually well under three dollars a gallon.
Biden made the boast during remarks at Onondaga Community College in Syracuse, New York:
“[B]ecause of the actions we’ve taken, gas prices are declining. We’re down $1.25 since the peak this summer, and they’ve been falling for the last three weeks at well — as well. That’s adding up to real savings for families.
“Today, the most common price of gas in America is $3.39 — down from over $5 when I took office.”
But, according to AAA, the national average cost of a gallon of Regular gas was $2.393 on January 20, 2021, the day Biden was inaugurated. On Thursday, when Biden made the claim, the AAA average was $3.760 a gallon, not “$3.39.”
As Fox Business reports, it wasn’t until well over a year into Biden’s presidency that gas hit five dollars a gallon:
“However, the national average price for a gallon of regular gasoline in the week ending Jan. 25, 2021, shortly after Biden took office, was $2.39, according to data from the Energy Information Administration. The average price for a gallon of regular gasoline didn’t hit $5 until June 2022, which is well over a year after Biden took office.”
On June 4 of this year, Fox Business reported that gas prices had doubled since Biden took office.
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Author: Craig Bannister