TRUMPCLAIM TRACKER

TCT-ECO-011 · Energy

Energy costs would fall by more than half in 12 months

FalseStatement: 2024-08-19Record reviewed: 2026-09-15

Statement and context

“We think energy costs, all of it, air conditioning, heating, all of it, including gasoline, will drop by more than 50% within the first 12 months.”

August 19, 2024, campaign rally, York, Pennsylvania.

What the evidence shows

The prediction’s deadline was January 20, 2026. EIA retail series do not show a greater-than-50% national decline in gasoline, residential electricity, or the major residential energy-price measures over that period. Electricity prices in particular did not halve.

False. The stated deadline passed without the promised across-the-board reduction.

Sources and attribution

Tracker research synthesis; inspect the linked evidence and research record.

  1. EIA weekly gasoline prices
  2. EIA monthly electricity data
  3. BLS energy CPI series

Open the research record