🇺🇸 Trump says oil is cheaper now than it was under Biden or Obama.
Technically, he has a point, sort of.
Averaged over his whole second term, U.S. crude has cost about $74 a barrel, a bit below Biden’s $80 and Obama’s $76.
But that average leans on cheap oil from 2025, before the Iran war blew everything up.
Right NOW, crude is sitting at around $95.
That’s $15 to $20 above both of their averages, and higher than on almost 90% of the days Biden was in office.
Gas averaged $4.33 a gallon in September, a RECORD for the month, up from about $3.16 a year ago.
And that’s what drivers actually feel at the pump. Nobody fills up their tank with a term average.
Sources: EIA, AAA / Writer: Julie
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