Former President Donald Trump made a bold promise during his town hall event in Oaks, Pennsylvania on Monday: if elected president, he would drastically cut energy prices within one year of taking office. This commitment follows similar pledges made by Trump during his first term, when he vowed to reduce energy and electricity prices in half within twelve months, with a maximum timeline of eighteen months should the situation require more time.
Trump’s latest remarks were directed at an audience eager for change and relief from soaring energy costs. The former president emphasized that the United States has vast untapped potential when it comes to energy resources, suggesting that much of this abundance is not being utilized to its fullest extent. He pointed out that American households are currently obtaining their energy from sources such as Venezuela, highlighting the need for a more self-sufficient and economically advantageous approach to domestic energy production.
When we get everything else down—houses—everything’s going to come, it’s going to be beautiful,” Trump told the crowd. You’re going to have a house. Just wait a little while, give me a little while, let me get in. One year from January 20th, we will have your energy prices cut in half all over the country.
These assurances come on the heels of a recent report by S&P Global, which indicated that American households experienced an average increase of 21.9 percent in electricity costs between 2018 and 2023. The states most affected by this surge were California, Connecticut, Massachusetts, Maine, and New Hampshire.
Under Trump’s proposed plan, his administration would work to alleviate the financial burden placed on American households due to rising energy costs. By cutting energy prices in half within a year, Trump aims to deliver tangible improvements to the quality of life for millions of Americans struggling with increased energy expenses. Whether or not he is successful in securing the presidency once again remains to be seen, but his commitment to tackling this issue head-on has undoubtedly resonated with many citizens across the country.