The national average for U.S. gas prices was above $5 per gallon when U.S. President Joe Biden took office in January 2021, and $3.39 in late October 2022.
On Oct. 27, 2022, U.S. President Joe Biden falsely claimed that U.S. gas prices were “over $5” per gallon when he took office in January 2021. While speaking in Syracuse, New York, Biden said, “Today, the most common price of gas in America is $3.39, down from over $5 when I took office.”
According to The Associated Press, Biden was speaking in Syracuse to “showcase a significant investment by the U.S.-based company Micron, one of the largest microchip manufacturers in the world.”
Townhall.com tweeted a video of the moment in question. Biden provided two inaccurate figures in the same breath, one about the gas prices when he took office and another regarding costs during the week he spoke in Syracuse.
Here’s a little bit more from Biden’s remarks that we transcribed from a full recording of the speech. The two inaccurate figures were mentioned by Biden at the 22:23 mark in this video that was posted on the NBC News YouTube channel:
And because of the actions we’ve taken, gas prices are declining. We’re down $1.25 since the peak of this summer, and they’ve been falling for the last three weeks as well, adding up real savings for families. Today, the most common price of gas in America is $3.39, down from over $5 when I took office. We need to keep making that progress by having energy companies bring down the cost of a...
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