Trump Promises to Cut Gas Prices by Half. Here’s What Drives Pump Prices Most

Donald Trump promised on October 10, 2024, to cut gas prices by 50% within 12 months of taking office.

Donald Trump promised on October 10, 2024, to cut gas prices by 50% within 12 months of taking office.

No, gasoline demand has not collapsed according to the U.S. Energy Information Administration. The EIA forecasts motor gasoline consumption will decline...

The Trump administration is moving forward with plans to significantly roll back fuel economy standards that were established under the Biden...

The federal excise tax on gasoline is 18.4 cents per gallon for regular gasoline and 24.4 cents per gallon for diesel fuel.

Trump's claim that gas prices rose 70% in a single year does not align with official gasoline data, but it's not entirely fabricated—the figure appears to...

When Donald Trump claimed that gasoline prices had fallen to under two dollars per gallon "everywhere," he was not describing reality.

If President Trump follows through on his proposal to abolish the federal gas tax, the federal government would lose more than $23 billion annually in...

A claim circulating about gas prices at $1.95 per gallon stands in stark contrast to current market reality.

No, gas prices under Donald Trump were not the "lowest in modern history." That claim, repeated in speeches, social media posts, and even during the 2026...

Gregory Kent Bovino served as the Trump administration's Border Patrol "commander at large" from roughly October 2025 to January 2026, overseeing what...