2023 ends with gas prices still much higher than when Trump was president

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WEX Gas Prices - 051121 (Exxon)

2023 ends with gas prices still much higher than when Trump was president

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President Joe Biden and Democrats regularly celebrated falling gas prices over the last year. Even though gas prices soared to record highs while Biden was in office, the president and his left-wing political counterparts regularly blamed the hike in prices on a variety of matters, including the pandemic, former President Donald Trump, Russian President Vladimir Putin, and the war in Ukraine. However, anytime the price of gas dropped, Biden would take credit.

Yet, with the 2023 ending and Biden about to begin his fourth year in office, gas prices remain much higher than on Trump’s last day as president. The Biden administration’s political propaganda and public opinion manipulation did nothing to make gas prices more affordable. Even though gas prices decreased from the record highs of 2022, people are paying, on average, close to a dollar more than in December 2020, Trump’s last full month in office.

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According to data from the Energy Information Administration, the average retail price of a gallon of gas was $2.28 in December 2020. For December 2023, the price was approximately $3.26 per gallon. This is less than the peak average gas price under Biden of $5.03 per gallon in June 2022. However, the current average price represents a 42.5% gas price increase under Biden compared to December 2020. That’s the harsh reality of “Bidenomics” and the president’s “Build Back Better” program.

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Under Trump, gas prices were much more affordable. When Trump entered office in January 2017, the average price for a gallon of gas was about $2.46. It eventually decreased to about $1.94 per gallon in April 2020, the second-lowest average price for gas since February 2009.

It’s long past time to acknowledge the reality of the Biden administration. No matter how much information the president or his Democratic accomplices try to spread, economic conditions were much better when Trump was in office. Everything was more affordable, and people were not struggling as much as they have been under Biden. After Biden’s three years in office, it’s safe to say that Build Back Better made things worse. From the cost of food to the price of gas, it’s obvious that economic conditions were much more preferable when Trump was trying to “Make America Great Again.”

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