| While Trump was on the campaign trail, he promised to cut Americans' energy bills in half and lower gasoline and electricity prices. One year in, gasoline prices are down about 20%, but electricity prices are going up. The Trump administration has also invested in nuclear power, which could help reduce costs in the long term. Take a look at how he has delivered on his goals:
➡️ Presidents don’t decide gas prices. The cost of crude oil is the biggest factor. A global oversupply of oil largely drove cheaper crude oil prices this past year.
➡️ Electricity prices are increasing due to three primary reasons: an aging power grid, the cost of natural disasters and higher fuel costs, says Charles Hua, who runs the national energy consumer education nonprofit Powerlines.
➡️ The administration has ended federal tax credits for large solar and wind projects, which provide more cost-competitive energy than natural gas, nuclear and coal projects. |