“Gasoline prices have collapsed under President Trump.”
Scott Bessent
Treasury secretary. an interview on NBC's "Meet the Press". Claim dated 18 May 2025.
PolitiFact rated thisMostly False
What PolitiFact found
Despite some wobbles, prices at the gas pump remain essentially the same as when President Donald Trump was sworn in Jan. 20. The price of crude oil has fallen by 17.5% during that period. These savings have not yet passed on to consumers.
Their words, from the summary they publish with the rating.
In short
Scott Bessent (Treasury secretary) made this claim around 18 May 2025. PolitiFact (United States) looked into it and published its finding on 20 May 2025, 2 days later. Its rating was “Mostly False”.
Where the claim appeared
Links recorded by PolitiFact. Some posts may have been deleted since.
This check was done by PolitiFact, not by DoesItStand. We list it so you can find it. Their full evidence and reasoning are in their article.