Trump Effect: Christmas Day Gas Prices Expected to Drop to Lowest Level in 5 Years
President Trump’s policies are delivering what is expected to be the lowest national average Christmas Day gas price for Americans since 2020.

President Trump’s policies are delivering what is expected to be the lowest national average Christmas Day gas price for Americans since 2020.

On Tuesday’s broadcast of the Fox News Channel’s “Special Report,” Energy Secretary Chris Wright said that the amount of money for the Strategic Petroleum Reserve in the reconciliation bill was “only a modest amount of money to grow the storage

The White House Council of Economic Advisers released a study on Thursday detailing that the Trump administration’s energy policies could add nearly two points to the U.S. Gross Domestic Product by 2035.
On Thursday’s broadcast of ABC’s “The View,” Energy Secretary Jennifer Granholm stated that “we’re going to be doing what we can” to address the uptick in gas prices and said that the tools to do so are releasing from the

The Biden White House looked at Biden’s gas prices and canceled a scheduled refill of our Strategic Petroleum Reserve.

Sen. Ted Budd introduced legislation to block Joe Biden from releasing oil from the SPR until he allows for American energy development.

On Friday’s broadcast of CNBC’s “Squawk Box,” co-hosts Becky Quick and Joe Kernen reacted to news that the Biden administration wants to try to refill the Strategic Petroleum Reserve (SPR) at a price of $79 a barrel or less by noting

Texas energy producers set back-to-back records for energy production in August and September, according to a report from the Texas Oil & Gas Association. The records starkly contrast to the 40-year low level of national energy reserves.

On Monday’s broadcast of the Fox Business Network’s “Evening Edit,” Rep. Kelly Armstrong (R-ND) stated that Americans are going to see energy prices jump due to the conflict in the Middle East and we can’t offset it easily because the

Former Secretary of State Mike Pompeo told Breitbart News exclusively that Democrat President Joe Biden’s energy policies have hurt the United States on the world stage and domestically, empowering the nation’s adversaries and undercutting the country’s relationships with allies.

On Thursday’s broadcast of Bloomberg’s “Sound On,” White House Special Presidential Coordinator for Global Infrastructure and Energy Security Amos Hochstein stated that the Biden administration didn’t miss an opportunity to refill the Strategic Petroleum Reserve (SPR) when oil prices were lower because they

On Thursday’s broadcast of CNBC’s “Squawk Box,” CNBC Contributor and Managing Director and Global Head of Commodity Strategy for RBC Capital Markets Helima Croft stated that because President Joe Biden can’t lower oil prices by releasing a large amount of oil

On Wednesday’s broadcast of Bloomberg’s “Surveillance,” co-hosts Jonathan Ferro and Lisa Abramowicz said that the White House lacks a clear strategy for dealing with gas prices in the wake of Saudi Arabia and Russia extending oil production cuts and that we’re

On Tuesday’s broadcast of the Fox News Channel’s “Special Report,” FOX Business Contributor and Price Futures Group Senior Account Executive Phil Flynn stated that consumers will feel the rise in crude oil prices in the wake of Saudi Arabia and Russia

During a portion of an interview with Spectrum News Washington Correspondent Corina Cappabianca aired on Spectrum News Columbus on Monday, GasBuddy.com Head of Petroleum Analysis Patrick De Haan said that refilling the Strategic Petroleum Reserve (SPR) is pushing up oil prices.

On Monday’s broadcast of Bloomberg’s “Balance of Power,” Ernest Moniz, who served as Energy Secretary during the Obama administration, warned that due to how much the Strategic Petroleum Reserve has been depleted, “if we had another major issue to deal
The surprise decision on Monday by the oil cartel OPEC+ to dramatically cut crude production preceded indications from the administration of leftist President Joe Biden in late March that it was not interested in imminently refilling supplies depleted out of America’s Strategic Petroleum Reserves (SPR).

A bipartisan group of senators introduced legislation on Wednesday that would bar the Biden administration from selling oil from the American emergency oil reserves to China.

House Energy and Commerce Committee Chair Cathy McMorris Rodgers (R-WA) said in a statement on Tuesday that Democrats have continued to abuse the Strategic Petroleum Reserve (SPR), while Republicans want to lower gas prices by “unleashing American energy.”

On Friday’s broadcast of Newsmax TV’s “Spicer & Co.,” Rep. Cliff Bentz (R-OR) discussed the bill passed by the House to ban the export of oil from the United States Strategic Petroleum Reserve to China and pointed out that House
During an interview with Bloomberg on Thursday, White House Council of Economic Advisers Chair Cecilia Rouse stated that the Strategic Petroleum Reserve (SPR) is “designed for” an emergency and so therefore, it is “irresponsible” for Republicans in Congress to limit
House Speaker Kevin McCarthy touted the early accomplishments of the Republican-led House in the last five days, which include voting to strip funding for 87,000 IRS agents.

On Tuesday’s broadcast of CNBC’s “Squawk Box,” Biden energy coordinator Amos Hochstein said that the Strategic Petroleum Reserve needs to be “fuller than it is today for national security and economic emergencies in the future.” But “We still can manage any
Rep. Randy Weber (R-TX) warned that use of the Strategic Petroleum Reserve endangers the U.S. in the event of emergency needs for oil.

Saudi Arabia Energy Minister Prince Abdulaziz bin Salman issued a warning, seemingly directly at far-left American President Joe Biden, that countries emptying their strategic oil reserves in an attempt to lower fuel prices could face “painful” consequences for their choice.

During an interview aired on Friday’s edition of Bloomberg’s “Wall Street Week,” Harvard Professor, economist, Director of the National Economic Council under President Barack Obama, and Treasury Secretary under President Bill Clinton Larry Summers stated that while he agrees with

Rep. Randy Weber (R-TX) is leading a House resolution condemning President Joe Biden for “recklessly gutting” the Strategic Petroleum Reserve (SPR) for “political gain.”

On Thursday’s broadcast of MSNBC’s “Morning Joe,” White House Chief of Staff Ron Klain responded to criticisms by Republicans that the Strategic Petroleum Reserve should only be used for emergencies and that President Joe Biden is using it for political

On Wednesday’s “Hugh Hewitt Show,” House Minority Leader Rep. Kevin McCarthy (R-CA) stated that President Joe Biden’s releases from the Strategic Petroleum Reserve are “putting the whole country at risk” in order to “manipulate an election,” and argued that there

On Wednesday’s broadcast of the Fox Business Network’s “Kudlow,” Sen. John Hoeven (R-ND) stated that the only way President Joe Biden will be able to refill the Strategic Petroleum Reserve (SPR) is if the country goes into a recession. And
Republican officials slammed President Joe Biden’s “reckless” intent to tap into U.S. oil reserves again — just weeks before midterm elections — in order to curb rising gas prices, describing the move as a “political Band-Aid” while accusing the president of “shamelessly compromising our national security for political gain.”

On Wednesday’s broadcast of the Fox Business Network’s “Kudlow,” Rep. Cathy McMorris Rodgers (R-WA) stated that while President Joe Biden has drained the Strategic Petroleum Reserve to its lowest level in nearly 40 years, “China is accumulating more oil.” Rodgers

On Tuesday’s edition of CBS’ “Red & Blue,” CBS News Senior White House and Political Correspondent Ed O’Keefe stated that President Joe Biden’s reported plans to release more oil from the Strategic Petroleum Reserve later this week is an attempt to

The national average price for gas Tuesday was nearly $4 a gallon as Americans struggle under President Joe Biden’s (D) economy.

President Joe Biden will have drained the Strategic Petroleum Reserve (SPR) to a 40 year low at the end of October, according to industry experts.

President Joe Biden’s anti-drilling policies have cut oil supplies as much as the decision Wednesday by OPEC+ to slash two million barrels of oil production, an analysis by the Committee to Unleash Prosperity shows.

On Thursday’s broadcast of CNBC’s “Squawk Box,” Rep. Ro Khanna (D-CA) called for a ban, with exceptions for exports to our allies on oil exports, to forbid things like the Biden administration selling oil from the Strategic Petroleum Reserve to
The White House on Wednesday expressed frustration that OPEC+ decided to cut production and announced additional releases of America’s oil reserves in an attempt to keep prices low.

On Tuesday’s broadcast of the Fox Business Network’s “Kudlow,” Sen. John Hoeven (R-ND) stated that OPEC sees the Biden administration draining the Strategic Petroleum Reserve and OPEC cutting production is “like jiu-jitsu.” And “They’re going to make the administration” buy

White House press secretary Karine Jean-Pierre confirmed that the Department of Energy would continue releasing oil from the national reserves through November but that it would stop.
