[Congressional Record Volume 171, Number 47 (Wednesday, March 12, 2025)]
[Senate]
[Page S1683]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]



                               Inflation

  Mr. BARRASSO. Mr. President, I come to the floor having just heard my 
colleague, the Democrat leader, senior Senator from New York. Formerly, 
he had been the majority leader; now the minority leader because of an 
election we just had. I heard him talk about the fact that household 
debt is up.
  Every American who has lived through the last 4 years knows that 
household debt is up, and they know why household debt is up. It is up 
because we have been living through 4 years of a previous 
administration, which was an administration of high prices and open 
borders, and people have been paying the price; and the debt of the 
American families is much higher than it was when they took over.
  That is why President Trump and Republicans in the Senate and the 
House are now in a situation where we are trying to get America back on 
track. So to hear the minority leader talk about household debt being 
up, there is a reason, and they are the cause of that. And so I am 
delighted by seeing the headlines that just came out this morning in 
terms of the economy under President Trump.
  New York Times, ``U.S. Inflation Shows Improvement.'' We need a lot 
of improvement there. Happy to see it is showing improvement; we have a 
long way to go.
  Wall Street Journal, ``Inflation . . . Lower Than Expected.''
  Republicans knew that we would be able to deliver for the American 
people. We are doing just that. Now, I am from an energy State. The 
Presiding Officer is from an energy State. We produce a lot of American 
energy. I am from Wyoming, America's energy breadbasket, a powerhouse 
of energy. What do we see about energy prices?

       The average price of gasoline in the U.S.--

  The headline is--
  dropped for the third straight week.
  That is what happens when you have an American energy policy--a 
policy that puts American energy first. Affordable, available, reliable 
energy. Not what we lived with through the last 4 years where they 
wanted to prioritize--believe it or not--the climate over energy for 
American families that was affordable, available, and reliable.
  So there you have it.

       The average price of gasoline in the United States dropped 
     for the third straight week.

  Additionally, the national average is now just a little over $3 a 
gallon, the lowest March price in 4 years.