Paul Krugman

Paul Krugman @paulkrugman

But as Rs never get tired of reminding us, gas was $2 a gallon when Trump left office. That was partly because the economy was still depressed, but prices were relatively low in the Trump years. However, some historical perspective seems useful 5/ — PolitiTweet.org

Paul Krugman @paulkrugman

Gas actually isn't expensive by historical standards! It was cheap in the late 2010s, mainly because of the shale oil boom — which was a bubble, effectively consumers subsidized by naive lenders who financed money-losing projects 7/ — PolitiTweet.org