White House claims Americans save $420 million at the gas pump despite high prices

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White House claims Americans save $420 million at the gas pump despite high prices
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White House press secretary Karine Jean-Pierre touted savings at the gas pump on Tuesday despite elevated gas prices from two years ago.

North Carolina Rep. Dan Bishop and former Trump adviser Steve Moore discuss the Biden administration's energy policies following OPEC's decision to cut oil production on 'The Evening Edit.'is nearly double what Americans were paying exactly two years ago, but White House press secretary Karine Jean-Pierre touted savings at the pump on Tuesday.

"Every month, the typical two-driver family saves about $120 at the pump compared to where we were in mid-June," Jean-Pierre said at a press conference. "Every day, Americans save about $420 million at the pump compared to mid-June." The average gallon of gas stood at $3.871 on Monday, a roughly 23% drop from the $5.006 that Americans were paying in mid-June.

Despite the fall in recent months, gas prices are still about 62% higher than they were in January 2021, whenfirst took office and the average gallon of gas was just $2.392. Gas prices are about 80% higher than they were exactly two years ago in October 2020, according to Department of Energy data. Energy prices have soared in the United States and elsewhere around the world amid Russia's invasion of Ukraine.

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