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Gas peaked at over $5 for the first time ever in June 2022. When adjusted for inflation, Trump’s average is $3.18 in 2024 dollars, 21% less than Biden’s inflation-adjusted price of $3.86.
Gasoline prices have risen 48% during Biden's term, not 63%. Experts say the increase was largely independent of Biden's policies.
The U.S. Department of Labor said that the consumer price index (CPI), a broad measure of how much everyday goods like gasoline, groceries and rent cost, dropped 0.1% in June from the previous month.
2021–2023 inflation surge. Inflation rate, United States and eurozone, January 1960 through June 2024. Following the COVID-19 pandemic in 2020, a worldwide surge in inflation began in mid-2021 and lasted until mid-2022. Many countries saw their highest inflation rates in decades. It has been attributed to various causes, including pandemic ...
The economic policy of the Joe Biden administration, colloquially known as Bidenomics (a portmanteau of Biden and economics ), is characterized by relief measures and vaccination efforts to address the COVID-19 pandemic, investments in infrastructure, and strengthening the social safety net, funded by tax increases on higher-income individuals ...
The Household Energy component of CPI tracks energy prices. During Trump’s time in office, this cost measure rose by 4.2 percent. So far under Biden, it has increased by approximately 30 percent ...
Gas prices under Biden have averaged $3.62 per gallon, the highest under any president. Adjusted for inflation, gas prices were higher during President Obama’s first term, at $4.44 per gallon ...
sticker on a gas pump. I Did That! is a phrase found on stickers typically picturing U.S. President Joe Biden pointing at the price of gasoline on fuel pumps in gas stations around the United States. The stickers are a form of political activism, asserting that his policies have led to a rise in fuel prices. The stickers have also been placed ...