Mike Johnson: “Under Biden, for example, with gas prices, they hit a peak…”

“Inflation is grad, gradually coming down. It's not completely fixed yet. But we are on the right trajectory. Wages are going up. We have the lowest gas prices we've had in many years. Under Biden, for example, with gas prices, they hit a peak of $4.99 a gallon. and the national average is above $3 for most of his term. The president's reversed that. It's the result of policy changes that have made this possible.” (01:11–01:17)

This is an excerpt from a raw transcript. The assertions have not been audited or verified. Tap the video to view the source footage and understand the context.