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Gasoline prices haven’t “collapsed” under Trump

Summary by PolitiFact
Treasury Secretary Scott Bessent said that “gasoline prices have collapsed under President Trump." Gas pump prices have stayed roughly the same. Crude oil prices declined 17.5%.

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A new government support system to subsidize gasoline prices at a flat rate of 10 yen per liter will begin on the 22nd, aiming to curb the price of gasoline. During the first week from the 22nd to the 28th, as a measure to mitigate the sudden change, the subsidy amount will be adjusted so that the retail price will be 5 yen lower than the previous week. Taking into account the recent increase in crude oil prices, the subsidy amount will be 7 yen…

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Bias Distribution

  • 100% of the sources lean Left
100% Left
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PolitiFact broke the news in Saint Petersburg, United States on Tuesday, May 20, 2025.
Sources are mostly out of (0)