At a rally in Perry, Georgia, on 24 October 2026, President Donald Trump said of gasoline prices: "You're still paying lower than (under) Biden and Obama." At the time the weekly national average was $4.42 a gallon; in the EIA reading for the week of 9 November it fell to $3.995, the first weekly average below $4 since July. Whether the statement holds depends on the yardstick: nominal weekly prices, peak prices, how long prices stayed high, or the cost relative to income. The official EIA weekly price series, combined with income and consumer price data, can settle each of these comparisons.
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Full recording of the Perry, Georgia rally (13WMAZ)
The complete recording of the rally at the Guardian Centers in Perry, published by Macon station 13WMAZ, in which the statement about gasoline prices is made. The video has no published captions, so the exact moment is not marked here.
PolitiFact: relative to income, gas now takes a smaller share than in most Obama and Biden years
PolitiFact rated the statement Half True. Under Obama the nominal price "never rose above $4.17" (below the $4.42 at the time), and under Biden it was below $4.42 for 94% of his term, though his $5 peak beat the 2026 high of $4.50. But measured as the cost of 10 gallons a week against per capita disposable income, gas cost a larger share than now in seven of Obama's eight years and three of Biden's four. The White House pointed to CPI-adjusted peaks; PolitiFact calls that measure imperfect because gasoline itself drives the CPI. It also notes that the 2026 share is higher than in 2024, Biden's last year.
politifact.comAre gas prices lower now than under Obama, Biden?Amid voter concern about gasoline prices, President Donald Trump said at a rally that gasoline is cheaper now than during Biden’s and Obama’s presidencies. Is it?
EIA weekly series: in nominal terms, gas under Obama peaked well below 2026 levels
In the EIA table of weekly U.S. regular conventional gasoline prices, the highest weekly value during Obama's terms (January 2009 – January 2017) is $3.907 (week of 9 May 2011), and the highest under Biden is $4.844 (week of 13 June 2022). For comparison, the all-formulations national average stood at $4.42 when Trump spoke and peaked at $4.50 in May 2026. So the nominal comparison goes against the statement for Obama and in its favour for Biden's peak. Note that this table covers conventional gasoline only, which runs slightly below the all-formulations average.
Record run above $4, and a second-term average slightly above Biden's
Citing EIA data, 24/7 Wall St. reports that by 14 October 2026 the year had logged a record 158 days with gas above $4. It also says gas in Trump's second term has averaged $3.458 a gallon, "a bit more than the $3.455 average across Biden's four years". Even after the drop to $3.995 in the week of 9 November, gas was $0.939 (about 30.7%) higher than a year earlier.