Overview
- In a Fox News interview, the president told a longtime supporter worried about rising costs that prices are already “way down” and projected $2 gasoline.
- He cited Walmart’s Thanksgiving basket as 25% cheaper than last year, but X Community Notes and multiple reports said the bundle includes fewer items and more private‑label substitutions.
- Bureau of Labor Statistics data show the consumer price index up about 3% year over year and grocery prices up roughly 2.7%, contradicting claims of falling costs.
- Average U.S. gas prices hover around $3 to $3.10 per gallon, not at two‑decade lows, according to AAA and GasBuddy.
- Rep. Thomas Massie said “grocery prices are not way down,” as post‑election analysis and polling tie voter concerns over affordability to recent Democratic wins.