Christine Romans, CNN Chief Business Correspondent, reportedly claimed on Thursday that low gas prices might be a dangerous omen for the economy.
“Now, one of the things that can be sort of the downside, if I could say this, of lower gas prices: sometimes they fall because you’re worried about a recession,” Romans claimed.
“And sometimes you’ll hear people say, ‘Oh, you know, gas prices are up so much from that pandemic low of $1.85.’ Well, you don’t want low gas prices because the economy is crashing, right?” she continued.
Due to a drop in demand, petrol prices plummeted to less than $2 per gallon during the pandemic.
In 2018, the national average price of a gallon of normal gasoline was $2.74, while in 2019, it was $2.60.
President Joe Biden falsely stated in October that petrol prices were “over five dollars” when he took office.
Despite the fact that the national average price was $2.39 on January 23, 2021, only days after Biden’s inauguration.
During the Trump administration, gas prices were less than $3 a gallon on average nationwide.
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