CNN —
President Joe Biden has made another false claim about gas prices.
During a Thursday speech in Syracuse, New York, Biden accurately said that gas prices, now averaging about $3.76 per gallon, have declined by roughly $1.25 since this year’s June peak of over $5 per gallon. But then he claimed, “Today, the most common price of gas in America is $3.39 – down from over $5 when I took office.” People in the audience applauded.
Facts First: Biden’s claim that the most common gas price when he took office was more than $5 isn’t even close to true. The most common price for a gallon of regular gas on the day he was inaugurated, January 20, 2021, was $2.39, according to data provided to CNN by Patrick De Haan, head of petroleum analysis at GasBuddy – much lower than the most common price today, not much higher than the most common price today as Biden said. In other words, Biden made it sound like gas prices have fallen significantly during his presidency when they have actually increased significantly.
The national average gas price on Biden’s Inauguration Day was also $2.39 per gallon, according to data provided to CNN by the American Automobile Association. The national average peaked at about $5.02 per gallon in mid-June, according to AAA, after a spike prompted in part by Russia’s February invasion of Ukraine. It has fallen substantially since, including a decline over the last month.
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