Gasoline Price Drop: Why It's Too Early for Biden to Pop Open the Champagne

The price of gasoline has fallen to $3.47/gallon ($0.92/liter) nationally, according to the American Automobile Association (AAA). Addressing an audience in Bay City, Michigan, on Tuesday, President Joe Biden took the credit for low gasoline prices. "This isn’t accidental. We’ve been on this for months," he claimed.