Trump Administration Claims Success in Lowering Gas and Egg Prices

The White House has announced that the administration under Donald Trump is successfully bringing down the prices of essential goods, such as gas and eggs, in an effort to rectify what they consider the "economic disaster" left by former President Joe Biden. During a press briefing, White House Press Secretary Karoline Leavitt mentioned that the country is experiencing a "transition period," with the president committed to policies aimed at restoring economic stability.

"If you look at the president's first term, his economic formula was clear: massive deregulation, tax cuts, and an energy boom that lowered the cost of living," Leavitt stated. According to her, Trump is employing the same strategy during his current administration, claiming, "In fact, it's even better this time around."

Leavitt pointed out that the latest Consumer Price Index (CPI) report indicated that inflation is "cooling off" and costs are starting to decline. For example, she noted that the national average gas price has dropped by 4.22 cents from last year, while wholesale egg prices have fallen by 47% since January, bringing the cost of a dozen to roughly three dollars.

President Trump himself addressed the issue in a recent press conference, downplaying critics who highlight the matter and attributing the problem to the previous administration. "They call it a triviality, but it's not a small thing if you like eggs and don't have much money. Eggs have dropped 25% in the last two weeks. We inherited that problem. The eggs," Trump asserted.

Trump's claims have sparked skepticism and criticism from the opposition and sectors questioning the effectiveness of his economic policies. Melanie Stansbury, a representative from New Mexico in the House of Representatives, criticized Trump's administration by pointing out that food costs remain high in many parts of the country.

"Holy cow! $8.49 for a carton!?!!!" Stansbury exclaimed on social media, referring to the high prices still seen in some states. "Remember when Donald Trump promised he would lower food prices and the cost of living? I guess he's been too busy dismantling the federal government and compromising our national security to do so," she added.

To tackle the egg shortage caused by avian flu outbreaks, the United States has turned to importing the product from various countries. Mexico has become the primary supplier, exporting 1.4 million dozen eggs in January this year, marking a significant increase compared to previous months.

Additionally, the U.S. Department of Agriculture has reached out to European countries like Denmark and Spain for information on their capacity to export eggs to the U.S. market, as part of efforts to stabilize prices and ensure supply, according to a Reuters report.

The price of a dozen eggs doubled between 2022 and 2023 in the U.S., rising from $1.93 to $4.82 during that period and continuing to climb since. In fact, New Yorkers are paying $6.06 per dozen, while Californians face prices of $8.7.

Official figures indicate an 8.2% increase in November 2024 (the most recent data available), with the annual rise nearing 70% by the end of last year. Behind these exorbitant prices lies a more lethal variant of avian flu, detected in 48 out of 50 states two years ago, as reported by Spanish newspaper El País.

Adding to these challenges, President Trump himself has acknowledged that the country will face an "economic transition" period as a result of the tariff war he has pushed against various international powers. However, he promises that after this phase, there will be so much wealth that people won't know what to do with it.

Trump's statements come at a time of economic uncertainty in the U.S., as the Federal Reserve has warned of rising prices in certain sectors due to tariff impositions.