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Former US President and Republican presidential nominee Donald Trump delivers remarks to the press on his economic agenda at a machining manufacturer in York, Pennsylvania, USA, 19 August 2024.

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He claimed that doing so would greatly reduce energy costs.

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American energy, we will drill, baby, drill.

Were going to bring energy prices down.

Certainly, U.S. consumers would benefit from lower gasoline, heating and electricity costs.

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Whether Trumps plan will accomplish that is up for debate, however.

Even though gas prices have been higher under Biden than under Trump, its not for lack of production.

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