“While speaking to reporters in the Oval Office on Friday, President Donald Trump claimed that “every price is down,” including those paid at the pump. Gas is now “almost $2,” he added.
Gas is not $2 a gallon. The national average is a little over $3 a gallon, about the same as it was a year ago, according to AAA. Even if you’re giving Trump wide leeway for that “almost,” this is what would have been called a gaffe in more normal political times. Remember when President George H.W. Bush didn’t know the price of a gallon of milk?
When you zoom out to Trump’s larger point, things get even more confused. Despite Trump’s claim, prices as a whole continue to rise at politically inconvenient rates. Annualized inflation was 3 percent in September, the most recent month for which data is available. Prices for food and housing are rising faster than overall inflation. Most Americans say they are spending more on groceries now than a year ago.
…
This is the point where I’d normally point out that presidents don’t really exert much influence over prices. There is no “lower gas prices” button in the Oval Office. Yet while it’s true that market forces are the primary reason any price is what it is, this administration has taken a number of actions that directly and deliberately put upwards pressure on prices.”
https://reason.com/2025/11/10/trump-seems-very-confused-about-affordability