Donald Trump claimed Wednesday that gasoline prices are much higher than they truly are.

Donald Trump claimed Wednesday that gasoline prices are much higher than they truly are.

It was a casual lie presented as a hard fact that didn’t get much play during his speech at an Iowa rally.

The former president has misrepresented gas prices before to drag President Joe Biden, but Trump’s latest fuel fib merited attention for its mammoth exaggeration.

“Gasoline prices are now 5, 6, 7 and even 8 dollars a gallon,” the former president said. “By contrast, under the Trump leadership, my leadership, inflation was nonexistent, and we had gasoline down to $1.87 a gallon.”

Ohio’s drivers are receiving an early holiday present with the lowest price for gasoline this year heading into the holidays.

And one analyst says prices may not be done going down.

The cost of a gallon of gasoline averaged $2.78 in Ohio on Wednesday, among the cheapest prices in the country, according to AAA. That’s down 2 cents from Tuesday, 44 cents from a month ago and 33 cents from a year ago.

Prices at some stations in central Ohio have dropped well below that. For example, a Marathon station in Marysville was selling gasoline at $2.55 per gallon on Wednesday, and a Murphy USA station in Newark was at $2.56 per gallon, according to Gas Buddy.

That’s about half of where prices were in June 2022, when gasoline prices topped $5 per gallon in Ohio not long after Russia’s invasion of Ukraine aggravated oil markets.

“Incredibly, some Great Lakes stations may flirt with $2/gallon soon,” Tom Kloza, oil analyst and founder of the Oil Price Information Service, posted on X, formerly known as Twitter, on Tuesday.

That gasoline prices are lower right now is not unusual.

Demand this time of year tends to be weak and winter blends of fuel are usually cheaper to produce.

But the prices right now are the lowest of the year and, in some parts of the country, wholesale prices of gasoline are the cheapest they’ve been in two years or more when the pandemic drove down prices.

Meanwhile, global oil prices have dropped despite the Middle East war between Hamas and Israel, supported by U.S. oil production that has topped a record 13 million barrels per day this fall.

Ohio’s drivers are receiving an early holiday present with the lowest price for gasoline this year heading into the holidays.

And one analyst says prices may not be done going down.

The cost of a gallon of gasoline averaged $2.78 in Ohio on Wednesday, among the cheapest prices in the country, according to AAA. That’s down 2 cents from Tuesday, 44 cents from a month ago and 33 cents from a year ago.

Prices at some stations in central Ohio have dropped well below that. For example, a Marathon station in Marysville was selling gasoline at $2.55 per gallon on Wednesday, and a Murphy USA station in Newark was at $2.56 per gallon, according to Gas Buddy.

That’s about half of where prices were in June 2022, when gasoline prices topped $5 per gallon in Ohio not long after Russia’s invasion of Ukraine aggravated oil markets.

“Incredibly, some Great Lakes stations may flirt with $2/gallon soon,” Tom Kloza, oil analyst and founder of the Oil Price Information Service, posted on X, formerly known as Twitter, on Tuesday.

That gasoline prices are lower right now is not unusual.

Demand this time of year tends to be weak and winter blends of fuel are usually cheaper to produce.

But the prices right now are the lowest of the year and, in some parts of the country, wholesale prices of gasoline are the cheapest they’ve been in two years or more when the pandemic drove down prices.

Meanwhile, global oil prices have dropped despite the Middle East war between Hamas and Israel, supported by U.S. oil production that has topped a record 13 million barrels per day this fall.

President Joe Biden and former President Barack Obama teamed up on a new video vowing to protect and expand Obamacare at a time when former President Donald Trump has threatened to renew his efforts to repeal the health care law if he wins a second term.

The White House will release the video on social media later Friday as part of its effort to promote open enrollment in the Affordable Care Act exchanges, a White House official told CNN.

The video, first shared with CNN, starts with Biden reading a text message that asks, “Hey President Biden, is Obamacare still a thing?” Biden then turns to Obama and says, “Is it still a thing?”

“Yes, Obamacare, the Affordable Care Act, Bidencare, whatever you call it – yes, it is still a thing,” Obama says. “The other side’s been trying to repeal it every year since it’s existed, but we’ll keep fighting to protect it.”

“Not just protect it but expand it, saving millions of dollars for working families. We’re covering more people than ever,” Biden adds. The president ends the video by saying, “It’s still a BFD,” a reference to his hot-mic expletive moment celebrating Obamacare’s passage in 2010.

The video, which was filmed last week when Obama made a previously undisclosed visit to the White House, coincides with the deadline to enroll in Obamacare plans to receive coverage at the start of the year. This year’s open enrollment period started on November 1 and runs through January 15 on the federal exchange, Healthcare.gov. Nearly 7.3 million people have signed up for 2024 coverage in the first five weeks, up nearly 34% from roughly the same period one year earlier.