CNN Chief Business Correspondent Christine Romans warned Thursday that these lowering gas prices are not something we should be excited about.
“Now, one of the things that can be sort of the downside, if I could say this, of lower gas prices: sometimes they fall because you’re worried about a recession,” Romans said.
“So they’re falling for the wrong reasons. You know, they were very low during the pandemic. That’s because we were in the middle of a pandemic,” she continued. “And sometimes you’ll hear people say, ‘Oh, you know, gas prices are up so much from that pandemic low of $1.85.’ Well, you don’t want low gas prices because the economy is crashing, right?”
— CNN Early Start (@EarlyStart) December 6, 2022
The left likes to pretend gas prices were only low because of the pandemic, but they were low before it. The national average price of a gallon of regular gasoline was $2.74 in 2018 and $2.60 in 2019, per EIA.
President Biden falsely claimed that gas prices were "over five dollars" when the national average was $2.39 on Jan. 23, 2021, just days after Biden took office.
BIDEN: "The most common price of gas in America is $3.39. Down from over $5 when I took office."
The average price of gas when Joe Biden took office was actually $2.39. pic.twitter.com/32SSNWdkpC
— Townhall.com (@townhallcom) October 27, 2022
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