Upcoming Policy Changes – One America News Network
OAN Staff Brooke Mallory
12:06 PM – Friday, February 21, 2025
President Donald Trump announced this week his intention to partner with Republican members of Congress to help ease the financial burden Americans are currently experiencing at gas stations.
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As per AAA, the average gas price across the nation on Thursday stood at $3.16 per gallon—lower than the $3.27 recorded in February 2024, yet slightly higher than last month’s average of $3.12.
Trump’s efforts to tackle inflation have faced challenges due to rising energy costs, issues with seasonal refinery maintenance, among other factors. However, he remains optimistic about offering incentives for businesses to continue manufacturing domestically and working alongside Republicans to lower taxes, ultimately aiming to reduce gas costs, according to the Daily Mail.
During a conference in Miami on Wednesday, which was hosted by Saudi Arabia’s sovereign wealth fund, Trump revealed that “100% expensing for new factory construction in the United States” was among the proposed tax reductions.
“As long as you invest in America, build in America, and hire in America, that means that I’m fighting for you,” the president declared.
While specifics regarding potential tax reductions for domestic oil and gas producers were not put forth, Trump hinted that these would be integral to his forthcoming tax proposal.
“I’ll be collaborating with the Republican Congress to enact the largest tax cuts in American history. We will significantly lower taxes for families, workers, and businesses, including eliminating taxes on tips, Social Security, and overtime pay.”
Some analysts suggest that boosting domestic manufacturing could be key to reducing costs, with traditional supply and demand principles being essential to this process.
“Price is determined by supply and demand, unless stronger forces such as government interventions overpower market dynamics,” remarked Karl Brauer, executive analyst at the automobile marketplace iSeeCars.com.
“If oil production in the U.S. rises due to increased drilling and fewer regulations, it will almost certainly lead to a decrease in oil prices, as the growing supply will influence market costs downward. This, in turn, could lower gas prices for consumers since gas prices are primarily influenced by global crude oil rates.”
Additionally, Trump committed to enhancing the Strategic Petroleum Reserve.
“The global economy relies on affordable energy, and as an energy-producing nation, we have nothing to apologize for,” he stated, emphasizing that the U.S. possesses “more energy than any other nation in the world, and we intend to utilize it.”
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