The Trump administration’s claim that Americans will feel comforted by gas price drops offsetting the cost of the president’s tariffs doesn’t add up.
A report from Axios notes that any savings Americans may see at the pump are minimal compared to the thousands in added consumer costs from President Donald Trump’s sweeping global tariff plans.
The current average price for regular gas is $3.179, according to AAA, a drop of 40 cents from the same time last year. Based on average usage of just under 500 gallons of gas per year, Axios estimates this amounts to about $200 in annual savings per vehicle.
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