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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.
Under Trump, the U.S. economy expanded by approximately 2.6% annually in his first three years. However, in 2020, the economy contracted by 2.2% due to the pandemic.
In January 2021—the final month of Donald Trump’s presidency—the U.S. Consumer Price Index (CPI) rose by a 1.4 percent annualized rate, compared to 3.2 percent in February 2024 under the ...
Harris, meanwhile, has adopted President Joe Biden’s promise not to raise taxes for Americans with incomes under $400,000, signaling that she’d extend at least some of the Trump tax cuts for ...
Through Biden’s presidency so far, gas prices have averaged $3.61. That’s 40% higher than gas prices during Trump’s entire term and 35% higher if you exclude the COVID period. Even adjusting ...
An "I Did That!" 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.
Under a Trump presidency, peak inflation would be 0.6 percentage points higher than the current 3.3%, according to Oxford Economics’ analysis. That means inflation would reach 3.8%.
Writing in The Washington Post, Phillip Bump explained that for Trump's first term as of September 2019, performance on several key variables was comparable or below Obama's second term (January 2013 – September 2016), as follows: 1) Real GDP was up 7.5% cumulatively under Obama, versus 7.2% under Trump; 2) The total number of jobs was up 5.3 ...