**Gas Price Projections Signal Relief Under Trump Administration**

Mon Feb 03 2025 07:07:27 GMT+0200 (Eastern European Standard Time)
**Gas Price Projections Signal Relief Under Trump Administration**

Americans are optimistic as energy policies shift toward increased domestic oil production under President-elect Donald Trump.


Forecasts suggest significant drops in gas prices may be on the horizon, potentially bringing economic relief to families across the nation.

Under the forthcoming Trump administration, Americans may experience a welcome drop in gas prices as new energy policies are set to prioritize domestic production. According to a report from CNN citing forecasts from GasBuddy, the national average for regular gasoline is projected to fall below $3.22 by 2025, with estimates showing it could dip as low as $2.81 next December. If accurate, these prices would mark the lowest annual averages recorded since 2021, when President Joe Biden took office.

During his campaign, President-elect Donald Trump emphasized reducing energy costs as a critical aspect of his platform, famously advocating for increased oil production with the slogan “drill, baby, drill.” At a recent rally in Asheville, North Carolina, he expressed a dedication to curbing Biden administration energy policies, asserting, “Our priority will be to dismantle the Biden-Harris war on American energy.”

GasBuddy's head of petroleum analysis, Patrick De Haan, pointed out that 2025 could usher in "slow-but-steady improvement at the pump" should the new energy policies come to fruition. Under Biden’s presidency, gas prices surged beyond $5 per gallon in 2022, largely attributed to inflation and stringent energy regulations. This spike has become a focal point for economic trouble, affecting many American households.

Linking his election triumph to these economic issues, Trump told NBC’s Kristen Welker, “I won on groceries. I won an election based on that. … We plan to significantly reduce those prices." The administration's commitment to enhancing domestic energy production aims to alleviate inflationary pressures while restoring public confidence – a necessary endeavor, considering a recent Gallup poll indicated only 19% of Americans feel satisfied with the current state of the nation.

As Trump’s administration gears up to take office, there exists a palpable sense of hope among Americans for economic relief, with lower gas prices poised to play a significant role in measuring the new administration’s success.

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