President Joe Biden incorrectly claimed on Thursday that the price of gasoline was over $5 a gallon when he entered the White House, while the then-average price of regular gasoline was just $2.39.
“Today, the most common price of gas in America is $3.39—down from over $5 when I took office,” Biden said during a Thursday speech on the CHIPS and Science Act in Syracuse, New York, claiming declining gas prices are adding up to real savings for families. “We need to keep making that progress by getting energy companies to bring down the price of a gallon of gas to reflect the cost of paying for a barrel of oil,” the president added.
