US EditionTrump says rising prices ‘peanuts’ compared to cheap gas
- On Friday, May 2, 2025, President Donald Trump posted on Truth Social claiming gasoline prices broke $1.98 per gallon, their lowest in years.
- This claim followed a monthly gas price decline due to increased U.S. Supplies, refinery maintenance ending, and crude oil dropping amid recession fears and OPEC+ supply increases.
- However, retail gas prices averaged around $3.12 to $3.17 per gallon nationwide, with only futures contracts briefly hitting $1.98, and many stations still charging over $2 per gallon.
- According to White House spokesperson Taylor Rogers, gas prices are declining once more as a result of President Trump's efforts to boost domestic energy production, which is helping to counteract some impacts of Bidenomics.
- The disparity between futures prices and pump prices suggests prices could fall further, possibly below $3, but current retail prices remain substantially above Trump's $1.98 claim.
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Trump says rising prices ‘peanuts’ compared to cheap gas
President Trump said in an interview Sunday that rising prices on certain items amid his trade wars are “peanuts” in comparison to less expensive gas. In the interview on “Meet the Press,” NBC News’s Kristen Welker noted that “some prices are going up, tires, strollers, some clothing in the wake of your tariffs.” “Excuse me,…
·Washington, United States
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Trump says rising prices for strollers and tires are ‘peanuts’ compared to drops in energy prices
President Donald Trump says gasoline prices are “thousands of times more important” than rising costs of strollers and other goods, during an exclusive interview with Meet the Press.
·United States
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Total News Sources10
Leaning Left2Leaning Right2Center3Last UpdatedBias Distribution43% Center
Bias Distribution
- 43% of the sources are Center
43% Center
L 29%
C 43%
R 29%
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