Gasoline

Trump seeks political gain from low gasoline prices

U.S. gas prices
Photo: Justin Sullivan/Getty Images

President Trump tweeted Saturday that drivers should "Enjoy the low gas prices over the Labor Day weekend!," yet he inaccurately characterized U.S. energy markets in the same message.

Where it stands: Per AAA, the average gasoline price nationally is $2.58, the lowest level heading into the Labor Day holiday since 2016 (but quite similar to 2017 levels).

The U.S. is exporting oil to 31 countries

Data: U.S. Energy Information Administration; Chart: Axios Visuals

The U.S. is now exporting crude oil to a record number of 31 countries, according to newly released data from the U.S. Energy Information Administration.

Where it stands: U.S. oil exports are going all over the world, ranging from oil-rich United Arab Emirates to Australia, reaching 2.9 million barrels a day from essentially 0 in 2015 before Congress lifted a 40-year-old ban on exporting crude oil.