Ahead of Labor Day weekend, we turn our attention to the issue of affordability, specifically when it comes to gas prices.
According to reporting from Audrey Streb at the Daily Caller, citing data from GasBuddy, Americans are expected to see the “cheapest Labor Day weekend gas prices since 2020.”
“Gas prices climbed under former President Joe Biden, shooting up to record highs in June 2022, with the national average per-gallon price nearing $5. Labor Day weekend gas prices are projected to average $3.15 per gallon in 2025, the lowest since 2020 when compared with $3.16 in 2021, according to GasBuddy.”
As reported by Streb, this drop in gas prices is “not due to unexplainable phenomena.” Instead, gas prices are falling due to policy changes from the Trump administration when it comes to energy.
“Biden implemented a sweeping and costly green agenda during his presidency, taking regulatory actions to restrict oil production, including a January 2021 executive order halting new oil and gas leases on federal lands, canceling the massive Keystone Pipeline project, and imposing a last-minute ban on offshore drilling across a swath of federal waters. In contrast, the Trump administration has championed the oil and gas industry, creating more offshore leasing opportunities and even seeking deals with blue states like New York to expand pipelines.”
As Jason Isaac makes clear in the story, this drop in gas prices coincides with a return of confidence in American energy and the end of “weaponizing agencies against oil and gas.”
“Biden’s anti-fossil fuel crusade drove prices through the roof; now, Trump’s Energy Dominance Agenda is restoring production, reducing regulatory chokeholds, and signaling that America is back in the business of affordable energy. Lower Labor Day prices are just the beginning.”
Read the full story in the Daily Caller.
