NOT ADDING UP
Biden uses bad numbers to downplay inflation, claim victory over Trump-era gas prices
Biden says the price of gas was 'over five dollars' when he took office, data shows it was $2.39
Biden made the comment during a speech on the CHIPS Act in Syracuse, New York.
"The most common price of gas in America is $3.39, down from over five dollars when I took office," Biden said. "We need to keep making that progress by having energy companies bring down the cost of a gallon of gas that reflects the cost of paying for a barrel of oil."
However, the national average price for a gallon of regular gasoline in the week ending Jan. 25, 2021, shortly after Biden took office, was $2.39, according to data from the Energy Information Administration. The average price for a gallon of regular gasoline didn't hit $5 until June 2022, which is well over a year after Biden took office.