FACT CHECK #TUIMO-5P

WHAT WE FOUND

Multiple high-credibility sources confirm that the national average price for a gallon of gasoline surpassed $5.00 for the first time in U.S. history during June 2022 123. Specifically, the national average peaked at approximately $5.02 per gallon in mid-June 2022 according to AAA 4, while other reporting cited peaks of $5.07 8 and $5.11 during that same month 6. While prices were significantly lower at the start of the Biden presidency—approximately $2.39 to $2.46 per gallon in January 2021 23—the record high of over $5.00 was reached approximately 17 months into his term 45. Factors cited for this surge include the Russian invasion of Ukraine, global economic recovery following the COVID-19 pandemic, and domestic policy debates 48.

SOURCES

1. 1 · factually.coFACT-CHECKER
   What Were Gasoline Prices During Biden’s Presidency?

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2. 2 · waysandmeans.house.govACADEMIC
   Gas Prices Have More Than Doubled Since Biden’s First Day in Office - Ways and Means

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3. 3 · politifact.comFACT-CHECKER
   Speaking in Syracuse, President Biden said the price of gasoline is “down from over $5 when I took office.” It did hit $5 a gallon, but it was this past June, not when he was inaugurated in January 2021. He has gotten the talking point correct on other occasions.

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4. 4 · cnn.comFACT-CHECKER
   Fact check: Biden falsely claims the most common gas price was over $5 when he took office | CNN Politics

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5. 5 · rpc.senate.govACADEMIC
   Gas Prices Up 100% Under Biden

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6. 6 · hoover.orgACADEMIC
   What Caused Gas Prices To Jump? | Hoover Institution What Caused Gas Prices To Jump?

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7. 7 · gasprice.usWEB
   Gas Prices Under Biden: What Happened (2021-2025) | GasPrice.us

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8. 8 · forbes.comWEB
   Average Gasoline Prices Under The Past Four Presidents

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THE READING