A new report issued by Gas Buddy shows thirty-five states across the country have gas prices posted at less than $2.99 a gallon, going back to the early months of the Pandemic in 2020 according to the report.
Some credit the President’s efforts and are coining this: “The Trump Effect.”
“Donald Trump said he would get gasoline prices lower, and he did it.” Senior Market Analyst Phil Flynn said. He credits the president’s ability to negotiate foreign policy and for his influence on OPEC. If you have a good relationship with Saudi Arabia instead of not having a good relationship with them, you are going to have more influence over the OPEC cartel and how much oil they produce.” He explained.
The market analyst says although the low energy prices are hurting the oil producers and points to the big picture applauding the president for his commonsense approach to regulations for the future of energy production.
“Over time this will allow them to do their jobs and meet the demand surge that is coming down the pie. When I look at the explosive demand for artificial intelligence for data centers. You know that future is a lot closer than we realize.” Flynn said.