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Just two months into President Donald Trump’s second term, gas prices nationwide have fallen to their lowest levels in nearly four years, according to AAA’s fuel price averages.
Thursday afternoon’s regular gas costs averaged $3.079 per gallon nationally, even less expensive than the $3.110 from earlier this month. Fuel also cost less than it did in February, when prices averaged $3.160, and this exact time one year ago under Joe Biden’s presidency at $3.396.
Moreover, on Jan. 20, Biden’s final day as president, national gas prices per gallon were $3.125.
Lowering American’s fuel costs has continually been one of President Trump’s key campaign promises. He often pledged to “Drill baby, drill” in the United States to reduce the roaring energy costs seen under the previous administration.
Under Biden, average gas prices reached $3.00 per gallon shortly after his inauguration. Throughout his term, costs later hit record highs around the country.
Fuel costs hit their highest levels in June 2022, with regular gas prices reaching $5.006 per gallon nationwide.
However, since President Trump’s second term began in January, the trend has seemingly ended.
Already in just two months, President Trump repealed Biden’s March 13, 2023 memorandum preventing domestic drilling for all future leases on oil and gas across 16 million acres around the Arctic Coast of the Outer Continental Shelf.
President Trump also revoked Biden’s Jan. 6, 2025, drilling restrictions across 625 million acres of U.S. coastal waters off the east and west coasts, along with the eastern Gulf of America and North Bearing Sea, S&P Global reported.
