Trump Declares Economic Wins as Gas Prices Drop Below $2

President Donald Trump took to Truth Social on May 2 to highlight what he sees as major wins for the U.S. economy under his influence, declaring a significant drop in gas prices and calling on the Federal Reserve to lower interest rates.

President Donald Trump took to Truth Social on Tuesday to tout what he sees as major wins for the U.S. economy.

According to Trump, gasoline prices have now fallen below $1.98 per gallon, the lowest in years, marking what he describes as a turning point in a broader “transition stage” for the economy.

“GAS prices are now below $1.98, the lowest in years! A major turning point, transitioning to lower prices for everything. Not just gas, but also grocery prices (including eggs), energy costs, and mortgage rates are all trending down,” Trump wrote.

Consumers have been waiting for years to see pricing come down. NO INFLATION, THE FED SHOULD LOWER ITS RATE!!!”

Tariffs and Employment Cited as Catalysts

Trump credited the economic shift to tariffs, claiming that billions of dollars are now pouring into the U.S. economy from tariff revenues. He also noted strong employment numbers as further evidence that the economy is rebounding.

“Tariffs are bringing in over $8 Billion per year to the U.S., and the best employment numbers in history are continuing, with no layoffs and wages rising. This is just the transition stage, and it’s just getting started. Many more great things to come!”

While he acknowledged that this period is still a “transition stage,” Trump emphasized that it’s “just getting started,” promising even more economic improvements ahead.

His comments are likely to fuel further debate over fiscal and monetary policy, especially as the 2024 election cycle heats up.major turning point, transitioning to lower prices for everything. Not just gas, but also grocery prices (including eggs), energy costs, and mortgage rates are all trending down. Consumers have been waiting for years to see pricing come down. NO INFLATION, THE FED SHOULD LOWER ITS RATE. Tariffs are bringing in over $8 Billion per year to the U.S., and the best employment numbers in history are continuing, with no layoffs and wages rising. This is just the transition stage, and it’s just getting started. Many more great things to come! MAGA, and let’s make America truly GREAT again.

This statement adds to growing pressure on the Federal Reserve to reassess its current rate policy, especially amid softening inflation indicators. Trump has frequently criticized the Fed’s stance in the past, often calling for more aggressive rate cuts during his presidency.

Whether the Fed will respond to Trump’s latest call remains to be seen, but his message is clear: he wants interest rates down to help fuel what he sees as a burgeoning economic resurgence.major turning point, transitioning to lower prices for everything. Not just gas, but also grocery prices (including eggs), energy costs, and mortgage rates are all trending down. Consumers have been waiting for years to see pricing come down. NO INFLATION, THE FED SHOULD LOWER ITS RATE. Tariffs are bringing in over $8 Billion per year to the U.S., and the best employment numbers in history are continuing, with no layoffs and wages rising. This is just the transition stage, and it’s just getting started. Many more great things to come. MAGA, and let’s make America truly GREAT again.밝히다