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White House: National gas prices at lowest level in five years

False

Credible evidence contradicts the statement. Learn more in Methodology.

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Verify national average retail gasoline prices are at or below levels seen five years earlier (i.e., lower than any point since 2021).

Source summary
The White House reports that, as of January 2026, U.S. retail gasoline prices have fallen to their lowest levels since 2021 and 30-year mortgage rates have dropped to near three-year lows. According to the statement, gas is below $3 per gallon in many states and motorists are projected to spend about $11 billion less on fuel in 2026; mortgage relief is attributed to lower rates, declining rents, and White House actions such as directing purchases of $200 billion in mortgage-backed securities through Fannie Mae and Freddie Mac and restricting large institutional buyers of single-family homes. The administration frames these developments as delivering financial relief to American households.
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Latest fact check

U.S. Energy Information Administration data show the national average price for regular gasoline was about $2.80 per gallon for the week ending January 5, 2026. However, national average prices were significantly lower than this at multiple points within the preceding five years, including around $2.25 in early January 2021 and well below $2.00 during parts of 2020. Independent coverage citing AAA data describes early‑2026 prices as the lowest since 2021, not the lowest in five years. Therefore, the statement that national gas prices have fallen to their lowest levels in five years is not supported by the historical data. The verdict is False because credible price series show lower national average gasoline prices occurred within the last five years, contradicting the claim.

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Timeline

  1. Update · Jan 13, 2026, 12:38 AMFalse
    U.S. Energy Information Administration data show the national average price for regular gasoline was about $2.80 per gallon for the week ending January 5, 2026. However, national average prices were significantly lower than this at multiple points within the preceding five years, including around $2.25 in early January 2021 and well below $2.00 during parts of 2020. Independent coverage citing AAA data describes early‑2026 prices as the lowest since 2021, not the lowest in five years. Therefore, the statement that national gas prices have fallen to their lowest levels in five years is not supported by the historical data. The verdict is False because credible price series show lower national average gasoline prices occurred within the last five years, contradicting the claim.
  2. Original article · Jan 12, 2026
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