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flag Trump’s energy plan cut gas prices but raised electricity costs, hurting millions despite drilling expansion.

flag President Trump's pledge to cut U.S. energy bills in half has delivered lower gasoline prices—down 20% since early 2025, saving households $177 on average and $11 billion in projected 2026 savings—due to global oil oversupply and pressure on OPEC. flag However, electricity costs are rising sharply, with wholesale rates up 45% in the mid-Atlantic and over 60% in New York and New England, leaving over 80 million Americans struggling to pay bills. flag Despite expanding drilling access and rolling back environmental rules, active U.S. oil rigs have declined over 6% year-over-year as prices below $60 a barrel make new drilling unprofitable, undermining the administration’s “Drill, baby, drill” push.

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