Earlier this year, CNN’s Matt Egan reported that “presidents have limited power to lower gas prices” in a story headlined “Gas prices are in the danger zone. Biden can’t do much about it.”
It was a curious take from Egan since just a few years earlier, he was more than happy to link gas prices to presidential actions. In 2018, he reported that experts believed Trump’s efforts to get the United States out of the Iran nuclear deal would likely inflate gas prices. More recently, Egan was also more than willing to credit Biden’s raiding of the Strategic Petroleum Reserve with contributing to the nearly 100-day decline in gas prices.