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Trump says gas prices will drop to $2 ‘pretty soon’ and be ‘better than a tax cut’ — but is that realistic?
Yahoo Finance·2025-10-30 06:30

President Trump made a bold prediction about falling gas prices during his tour of Asia this week, while touting his “drill, baby, drill” slogan. Must Read During a press conference in Tokyo on Tuesday covered by Fox News, Trump claimed that Americans are “going to see 2gasolineprettysoon,addingthatthedropinpricewouldprovetheequivalentofsomethingbiggerthanataxcut.[1]Thenationalaveragepriceforregulargashasntdroppedunder2 gasoline pretty soon,” adding that the drop in price would prove “the equivalent of something bigger than a tax cut.” [1] The national average price for regular gas hasn’t dropped under 2 a gallon since May 2020, according to governme ...