Market
Will electric and gasoline prices be reduced by half by January 20, 2026?
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Official statistics from the U.S. Energy Information Administration (EIA) or similar authoritative source
Story
Trump to Declare National Energy Emergency on January 21, 2025, to Reduce Prices by Half and Boost Domestic Production
Jan 20, 2025, 03:39 AM
President-elect Donald Trump plans to declare a national energy emergency upon taking office on January 21, 2025. This declaration aims to unlock new powers that will facilitate increased domestic energy production. Trump's strategy includes enabling new oil and gas development on federal lands and rolling back regulations established during the Biden administration. This move follows his campaign promise to reduce electric and gasoline prices by half within his first year. The announcement is anticipated to positively impact nuclear stocks, including $SMR, $OKLO, and $NNE, as investors respond to the potential changes in energy policy.
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