US Gas Prices Drop but Remain Higher than at Start of Biden's Term

Despite recent decreases, critics argue Biden's policies contributed to record high prices in 2022.

Gas prices in the US are currently averaging around $3.09 per gallon, with 30 states seeing prices below $3.
Prices have been on a downward trend due to seasonal demand, high levels of US production and high interest rates slowing down the economy.
Despite the decrease, prices are still higher than when President Biden took office in January 2021, when the national average was $2.39.
Critics argue that Biden's policies, including shutting down American energy projects and draining the Strategic Petroleum Reserve, contributed to the record high prices seen in June 2022.
While prices are expected to remain low in the short term, they are predicted to pick up again in mid-February due to seasonal demand.