Trump promised to cut energy bills in half One year later...

Tuesday, January 20, 2026

On the campaign trail, President Trump promised to cut Americans' energy bills in half -- cheaper gasoline, cheaper electricity. He also said he'd "unleash" American energy production, often repeating the catchphrase "Drill, baby, drill."

Posted by LampLighter at 06:17 PM | 3 COMMENTS | permalink

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... One year in, the price of gasoline is down about 10%. But the U.S. oil industry is definitely not drilling, baby, drilling.

The price of oil is just too low to justify more of it -- although within the last year, companies have won major lobbying victories that soothe that sting.

Meanwhile, electricity costs are rising and expected to rise more. ...

The U.S. benchmark price for oil is down about 20% from where it was a year ago, and the average retail gasoline price " the price drivers pay at the pump -- is down nearly 10%. ...

#1 | Posted by LampLighter at 2026-01-20 06:20 PM

@#2

imo, if Pres Trump is successful in getting data centers to pay for the additional costs they cause on our utility bills, then it might be the first thing Pres Trum has done that I agree with.

Trump unveils plan to shift power costs to AI data centers
www.washingtonexaminer.com

... Trump administration officials and a bipartisan group of governors announced a plan Friday to tackle high electricity prices by essentially having giant technology companies pay for the construction of new power supplies in the area managed by the largest United States grid operator. ...

Will he follow through and actually accomplish that?

Time will tell.

I'll judge the success of his plan by how much my electricity bill drops ...