Yes, Gas Was Cheaper and Mortgage Rates Were Lower in 2020
Facts And Fact Checking,Gas Prices,Mortgage Rates,Housing And Homelessness,Economy And Jobs
From the Center
AllSides Media Bias Rating: Center
Aviral online post compares interest rates and gas prices before and after Biden’s presidency. “Remember how on November 5th, 2020 gas was $1.80 a gallon and interest rates were 2.75%,” the post reads. Another reads: “Friendly PSA: Gas Was $2.30 A Gallon And Interest Rates Were 2.75% Back On January 20th, 2021.”
The posts’ broad claims are correct: Interest rates and gas prices were lower before Biden’s presidency. However, the numbers cited in the post are not precise and lack some context.
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