US gas prices hit 4.5-year low as White House credits push for energy dominance


Daijiworld Media Network - Washington

Washington, Dec 9: Gasoline prices across the United States have fallen to their lowest point in more than four and a half years, with new data showing a sustained downward trend nationwide. The White House on Monday highlighted the development, attributing the decline to its policies aimed at strengthening what it calls “American energy dominance.”

Citing the latest GasBuddy national survey, the administration noted that “the nationwide average for regular gas is at its lowest level in 1,681 days — and continuing to fall.” According to the release, average pump prices have now dipped below $3 a gallon in 37 states, under $2.75 in 22 states, and below $2.50 in five states. Some regions have seen even more dramatic drops, with stations in at least four states offering fuel for under $2 a gallon — including prices as low as $1.69 in Colorado.

In contrasting the present decline with past price surges, the White House emphasized that gas costs “were the highest they had ever been under Biden,” even after the previous administration tapped into the Strategic Petroleum Reserve. It asserted that under President Trump’s current term, Americans are “on track to spend the smallest share of their disposable income on gasoline in two decades,” crediting policies designed to boost domestic energy output.

Beyond fuel prices, the administration framed the trend as part of a broader wave of encouraging economic indicators. It pointed to falling national median rents for the fourth consecutive month, weekly jobless claims hitting a three-year low, mortgage rates easing to near their lowest level in a year, and a sharp rise in consumer sentiment.

According to the White House, these combined developments signal meaningful relief for American households. It argued that after years of inflationary pressure driven by what it described as Biden-era “reckless spending, open borders, and anti-energy policies,” economic momentum has “shifted decisively in the right direction.”

GasBuddy’s latest data reinforces the central role fuel costs play in household budgeting and national economic confidence — particularly as winter approaches. As Americans enter the final stretch of the year, the administration is framing the drop in gasoline prices as a key sign of improving financial stability and a turning point after prolonged inflation concerns.

  

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Title: US gas prices hit 4.5-year low as White House credits push for energy dominance



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