Trump slammed Biden-Harris for the ‘war on energy’ during his 2024 campaign. Now he’s rolling back Biden-era regulations as gas sits above $4 a gallon
Source: Fortune ·
A new Trump EPA push would spread the savings out to 2050. Trump says he's "putting American energy back in the hands of the American workers."
From the source
During his 2024 campaign, Donald Trump accused Joe Biden and Kamala Harris of waging a “war on energy” and promised at the Economic Club of New York to get “gasoline below $2 a gallon.” This week, with gas above $4 a gallon, his EPA proposed loosening Biden-era methane rules for oil and gas producers. The proposal—according to Trump—is a win for oil and gas producers, especially small operators. Whether it moves the price at the pump, before next week’s midterms or for years after, is another question. The $45 billion savings estimate is spread over 2027 to 2050—and the rules cover leaks and venting at the wellhead, and gasoline prices track crude oil, which is trading around $103.99 as of October 30 as the Iran war continues. Regular gasoline averaged $3.472 a gallon during Trump’s second presidency, narrowly exceeding the $3.471 average during Biden’s four years in office, according to Reuters. The national average climbed to $4.20 per gallon as of October 30. On Tuesday in…