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Where Trump is likely getting his $1.98 gas price figure


Your Donald Donald Donald Donald President from pressing the Southern the South Born in Washington, DC, DC, 4th May 2025.

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President Donald Trump falsely stated that gasoline prices are fell below $ 2 per gallon, in its pushed to persuade the federal reservation to lower interest rates.

“Gasine broke $ 1,98 a gallon, lower in years,” Trump said in a place on their social media platform Social Truth Friday. “Consumers waited for years to see the prices down. No inflation, the Fed, I must drop his rate!

US drivers, however, have been paying $ 3.165 per gallon on average monday, according to the Association Motorist AAA. I am Here are an increase in almost 2 cents from past week and about $ 1.18 more per gallon the trump request. The gas prices increased about 4 cents from Trump made the office on January 20, when consumers have paid about $ 3.12 on average, according to AAA average.

Gasbuddy also seen the gas prices Rise about 2 cents During the past week to $ 3.12 per gallon, based on the data than 12 million price reporting more than 150,000 gas stations in the whole country. The increase this week is the first time drivers paid in the pump in nearly a month.

However, the average of the national prices is down 12 cents compared with the past month and 49.6 pennies less than the same period, according to gasoline data.

Futures of rbob petrol

Rbob gasoline Futures has touched $ 1.98 per gallon on Thursday, the day before Trump’s place. The contract is currently trading at about $ 2 after hit a little about $ 1.96 during Monday business session. RBOB contract, however, do not reflect drivers are currently paid in pump. Contract track trace bulk in front of other costs as mingling in ethanol to produce the sales gas.

When asked by CNBC if the President has been RBOB reference, Trump Officer’s Officer Indicate to the recent Practice action.

Haan’s patrick, head of petrolumal analysis to Gasbudy, only analysts, and fuel shoppers to the Great store chains

“This price is not included with something. Excludes the taxes, excludes [pipeline] Fees, transport, the cost of doing business, credit card charges – I mean everything, “he said.

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Rbob gasoline

“Don’t come anywhere close to explain what consumers pay”, the added analyst. “It would be irrelevant to the consumer to know what rbob price is because they have not paid the bolt price of RBOB.”

The average pump price can fall below $ 3 a gallon

According to Haan, there are few place where a consumer may pay less. Gas prices are in the $ 2.20 in some individual stations in the States as Texas and Tennessee, he said

“Nothing in the selling level I’ve seen in the last couple of weeks has been under $ $ the Gallon,” he said. However, of Haan said he saw some individual payments of $ 1,99 per gallon, but these reflects the files point that consumers to reduce what you pay in pump.

“In an appover-to-honey, we haven’t seen a sales price for all of a selling price that under, but we have seen is consumers near the use of points and other promotions,” of Haan said.

The gas prices can soon dip under $ 3 per gallon as the maintenance of the raffles to the pump are currently on the lower levels of 2021, haan said.

The blink of the white house Rogers said gas HOW RECORDS on the first term of Trump and sudden “again thanks to the President Trump Energy.”

The gas prices were abandoned the last month as a raw oil broke in the recession fees and 5cec + the producers quickly bring more supply to market.

“While some of the damage made from the hardening is still the aging aging to transpose the prices for Americans’ foggy,” Rogers says.

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