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Market
Will Trump halve gasoline prices by October 2025?
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Average national gasoline price data from the U.S. Energy Information Administration (EIA) compared to October 2024 baseline
Story
Trump Announces Plan to Halve Energy, Electricity, and Gasoline Prices in 12 Months
Oct 10, 2024, 11:27 PM
Former President Donald Trump has announced a bold plan to cut the price of energy, electricity, and gasoline by 50% within 12 months. He aims to expedite environmental approvals and double the country's electricity capacity as part of his strategy. Trump claims that these measures will drive down inflation and make the United States, particularly Michigan, an attractive location for manufacturing.
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