Trump promised to lower energy prices. How’s it going?
AAA National Fuel Price Change from Month Ago
- Regular: +$1.01 up 33.9%
- Mid Grade: +$1.01 up 29.0%
- Premium: +$1.01 up 26.3%
- Diesel: +$1.57 up 41.9%
Trump’s Pledge
Spotlight Fertilizer
Everyone But Trump Understands What He’s Done
Information for a Price
Recovery Time
But That’s OK Because
New Definition of “A Little”
- Gasoline: +$1.01 up 33.9 percent
- Diesel: +$1.57 up 41.9 percent
Trump Fired Everyone Competent
Trump, the Peace Candidate
I Am Not Going to Start a War
Trump’s Energy Pledge
- Clip 1: With the Trump economic plan, we will will cut your energy prices in half within – lock it down – you can get get very angry at me if we don’t do it – but within 12 months your energy prices will be cut in half.
- Clip 2: My plan will cut energy prices in half or more than that within 12 months of taking office.
- Clip 3: Number one, your energy bill within 12 months will be cut in half. That’s my pledge all over the country. To farmers, that’s my pledge all over the country.
- Clip 4: If you vote for me, I will cut your energy and electricity in half within 12 months. We’re gonna cut them down.
- Clip 5: And under my plan we will cut energy and electricity in half within 12 months. And that means your homes too.
- Clip 6: I will cut your energy and electricity prices in half. 50 percent. Five O, within 12 months of taking office.
- Clip 7. My plan will cut energy prices in half within 12 months. We’re gonna have energy prices for businesses, but in my opinion maybe even more importantly for the average household by 12 months from January 20th which is the day we go into office.
- Clip 8: I will cut the price of energy and electricity in half. Ready? 12 months from January 20, your electric bill, including cars, air conditioners, heating, everything. Your total electric bill will be fifty, five o, fifty percent less. We’re gonna cut it in half.
- Clip 9: And I will cut energy and electricity prices in half within 12 months of taking office. Fifty percent.
- Clip 10: The pledge that I am making now, and we’ve done this a little bit over the last month or so, we are going to bring energy down by 50 percent, five o percent, fifty percent within 12 months from January 20.
Portions of those clips are guaranteed to make some great campaign ads for the midterm elections.
Democrats only have one easy task in November. All they have to do is run against Trump.
Related Posts
January 14, 2026: The Fed Has Missed Its Inflation Target on Ten Different Measures
The Atlanta Fed tracks various inflation targets. Let’s have a look.
February 2, 2026: The Fed Has Two Huge Problems Starting Now, Acyclical Inflation and Jobs
The Fed is not in a good spot.
March 11, 2026: Year-Over-Year CPI Inflation Will Worsen for at Least Three Months
This is an easy forecast. And it does not even include gasoline prices.
March 25, 2026: The Name Is Bond “30-Year” Not James, But What’s the Message?
The bond market again shows serious inflation concerns.
It’s going to be a Republican bloodbath in November.
Mish should have projected the current rise in the price of gas vs inflation relative to the increase in gas prices in 2021, after Russia invaded Ukraine. During the start of the Ukraine war average gas price increased to a peak of $5, and remained above $4 for half a year.
Nuclear bombs leave little room for error correction. Giant deficits have consequences. I’ll take deficits over fallout.
Former Congressman Dick Armey (who was an economics professor before he became Dick Armey) put it well – you tell me who did the study and I’ll tell you what results they got.
The bad news is that this problem is all to human. It has been an economic principal here in the US of at least 50 years. I wasn’t around to observe if it was true before that.
Democrats would be well advised to run a presidential candidate that is not far left. One that will listen to republican voters as well. One that will reduce the deficit. There is no doubt that they will win a lot of seats in November, but they now have the opportunity to keep power for decades as long as they don’t go to the extreme. Americans want middle of the road rational leadership. I doubt democrats can deliver that on a consistent basis. The memory of Trump will not linger for long. A candidate like Massie could in fact win in 2028 if the democrats put forward a far left candidate. They should not run Harris, she might win but would likely only get four years.
The best gasoline prices are yet to come!
All my life I have been listening to what has been called the “Middle East Peace Process”. In actuality, it has been a war process.
Trillions have been spent and all we have is massive debt and maimed service members to show for it.
Regionally, the death toll is probably in the millions and those displaced from their homes in the hundreds of millions (it is a populous region).
To think that the Pentagon has not gamed this through is naive. There has been no restraint thus far and I do not see any restraint on the horizon. Get ready for another long slog that in the end, will free the Iranian people of the burden of owning all that oil.
In the meantime, many nations are likely to run out of oil, and entire economies will be ruined. The people residing in the US are the most likely to be unaffected.
Grim, but interesting times…
Election for you.
Prosperity for me.
It’s not just the USA and Israel, fighting Iran:
Because dragged into the Sunni-Shia religious war is such a brilliant idea.
NOT!
You want to talk about REAL inflation? Check this out! 😃
They really sacrificed their economy to fight back the world hegemon and
regional hegemon.
You can imagine the costs of tunnels ( hundreds of ), filled with thousands
and thousands of drones and missiles and manufacturing all underground.
They have been preparing for many many years.
So don’t expect they will give up.
I have no expectation that they will quit. Either they have to be wiped out and replaced with a sane government or more likely, Trump, like every past president, will give up under the unrelenting sympathizing for terrorists.
And there is. Iran’s economy is weaker than it’s military. Hit their economy not their girls’ schools. Trump should close the straits of Hormuz. Let them eat sand.
Of course it will. Anybody with a brain knows that. The unknown is how long will the price last and neither you nor I know that. For now more and more ships are getting through but hard to say if it is lasting. A blip up is no problem. $100 is not much a problem either. $130 and above then we will see some demand destruction so inflation would come down as well as the economy. In Asia they are already above $130 but they are especially dependent on oil from the Persian Gulf while the US isn’t although you can see the arbitrage pushing up US oil prices.
To get back to it, a bit of inflation will come but it won’t be like we saw under Biden. If worse comes to worse and it remains closed, the max disruption would last at most 3 years and by then world production would have made up the shortfall with prices falling before then as the market looks forward.
“some demand destruction so inflation would come down as well as the economy“
US economy is 70% consumption. Inflation will come down means likely fall into
recession.
And world economy is more likely than US falling into recession which will also
severely affect USA, world central bank which needs to save the USA and world
economy. World central bank will need many trillion dollars to save and don’t expect
Europe, Japan, China to come and rescue the world economy.
Currently big economies, Europe, Japan, South Korea are in big troubles in a few
weeks or months.
AND? I fail to understand the proliferation of whining articles like these across the internet.
Were we supposed to allow a Iran and its leadership to continue to fund terror throughout the Middle East and destabilize the area, which happens to include our close partner Israel and to build a nuclear arsenal because ooohhh there will be an economic hit and you might have to pay a little more for gas for a while? So sad….
Time to get serious! Iran was a clear and present danger to the Middle East and the world and needed to be stopped. And we might well have to do the same to North Korea someday. Here’s a list of:
Troll for Israel somewhere else.
Dude, Zerohedge is that way—–>
–
Another WMD!
IAEA, European, CIA all said Iran didn’t break the JACPOA agreement.
Why don’t you check Israel? It’s double standard.
–
AWSOME JOJO 100% -LOTA NO COMMON SENSE DEMOS PEOPLE THAT WOULD BE THE FIRST TO CRY WHEN THEY KNOCK ON THE DOOR
Mish: “Think this Won’t Hit the CPI?”
That sure looks like a “have you been reading my articles at all?” sort of litmus test, let’s face it everyone who half reads your posts knows full well it’s going to be a big chunk of whatever the CPI number is.
On the day Trump was elected, Regular gas at my benchmark station was $2.96
Today it is $4.09
So that’s up $1.13 = 39%
The metal roofing/siding I usually buy for my outbuildings is going up 12% on Monday, so I stockpiled enough for the three new buildings. Some demand is being pulled forward.
Everything I see looks inflationary and indicative of an extended ME conflict and significantly higher energy prices coupled with major market dislocations in nations that are energy importers.
BIDEN HAD 4-5 DOLLAR GAS PRICES
It’s often remarked that one should never ascribe to malice what can be adequately explained by incompetence, but the competency and single-mindedness with which this administration is destroying the USA and the USG seems almost impossible to explain were it not the stated goal.
it is also said that sufficiently advanced stupidity is indistinguishable from malice and there comes a point where the distinction no longer matters.
Yeah I think we need some of those stickers printed up for gas pumps that were appearing in 2022 when Biden was president. Trump pointing towards the total price saying “I did that”.
Unfortunately, the current pump prices may soon look like a bargain. But no worries, we are winning BIG.
2026 Fed rate cuts have now disappeared.
PARTIAL LEAK OF NEXT SPEECH!!!
… shall go on to the end. We shall front-run in Brent, we shall front-run west Texas on the plains of the Permian, we shall front-run with growing confidence and growing strength in the air, we shall enrich our crooked families, whatever the cost may be.
We shall front-run the term sheet, we shall front-run with the talking point, we shall front-run in the CNBC anteroom, cloakroom and greenroom.
We shall never trade fair!
And if, which I do not for a moment believe, this economy were to falter, then we shall simply rename the recession a “transition” and front-run the recovery before the word leaves the lectern.
ARE YOU TALKING ABOUT NANCY
Well, actually it’s been more than twelve months, so technically is he wrong? Maybe he’s saying that he cut energy prices within twelve months, but he forgot to mention that all bets are off after that. I mean we’re 14 months after he started office, and he can claim that he didn’t promise to KEEP prices low.
Promises made, promises kept. drumpf logic is it’s own logic.
(my previous post was sarcasm, in case you missed it).
Once Trump’s “boots on the ground” effort fails and multiple countries’ strategic reserves run low, gas will go a lot higher.
Army issuing Crocs. No boots allowed on the ground.
Wait till the new lng export comes on line. Then us electric prices will jump again
If you are a serious and honest conservative, you might have voted for Trump. Now, given the madness and extreme dishonesty we have all experienced from Trump, if you are a serious and honest conservative, you will have to vote for the Democrats in the next set of elections, just to try and repair the damage he has done. The Republicans seem to be in self-destruct mode. Who would have thought that this was even possible?
It really borders on the unbelievable…until you realize that it’s USreal, then it all makes perfect sense.
Ooh I am adopting that apt description of our collection of states
if you ever voted for Trump, you were never a serious and honest anything.
and I say that at someone who never voted democrat, ever.
If you ever voted for Trump, you deserve nothing but contempt.
Nominee for comment of the year.
Are you and “cambeiu” on tag team Troll?
No, it’s an immature comment. You have no idea why anyone but yourself or people you have talked to voted for Trump, whether it was in 2016, 2020, or 2024. To ascribe blame for Trump’s CURRENT actions to *voters* who may have voted for him as far back as 2026 is nonsense. Do better.
It’s been obvious what Trumpstien is since the 80s. There are no excuses.
That’s a more objective and truthful assessment of having voted for the turd of the millennium
“The only difference between the Democrats and the Republicans is that the Democrats allow the poor to be corrupt, too.”
― Oscar Levant
In 2016 as soon as he won the Presidential, I confidently stated he would be the death of the GOP in the long run. This is not meant to be an I told you so, but right away I was very confident he would do no good for anyone but himself.
How can someone look at a man who has a perfect record of bankrupting casinos, perhaps aside from being a drug cartel the best guarantee to make profits, and then hand him the keys to our nation? You’re being generous in your wording.
The Republican party self-destructed in 2015 when they allowed Trump to run as a presidential candidate in their party. He was not qualified, either morally or competently.
MAJOR DAMAGE FROM DEMOCRAT FRAUD-EVERYWHERE
Q-drop….“All going exactly as planned”….trust the plan!
Smart to gin up that Q Anon conspiracy and get three years in front of the story, wasn’t it?
Who knew Trump was in bed with Greta?
She’s too old for him.
+1
More like +11, considering she’s 23 she’s 11 yrs past his ideal age
Shiii-it, IVANKA is too old for him now.