During an appearance on Fox Business Network, former Treasury Secretary Scott Bessent claimed that gasoline prices in parts of Florida had dropped to $1.93 per gallon, presenting this as a positive economic indicator in the face of criticisms regarding President Trump's energy policies. Despite lower crude oil prices, national gasoline averages remain above $3. Bessent discussed broader economic trends such as decreasing energy prices and bond market fluctuations, asserting an optimistic outlook for both consumer travel and economic conditions.
There has been a substantial decrease in the 10-year since the beginning of the year, but especially since January 20th.
I am told that in parts of Florida, gasoline is $1.93, and that's an automatic tax cut for the American people.
Energy is down substantially. We had the biggest decrease in energy prices for a single month in years.
I think things are in good shape... we are seeing that two-year rates are now below Fed funds rates.
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