Gasoline, diesel and jet fuel all soared even after Trump promised to slash energy costs. Fuel is a direct inflation input, so this keeps pressure on rates and consumer margins. Energy is the tape's i

What happened: Trump promised voters he would cut gasoline prices below $2 a gallon in his first year in office, but gasoline, diesel and jet fuel prices all rose instead. Key numbers: Below $2 a gallon was the promised gasoline price target. Why it matters: The outcome contrasts with the pledge made to voters angry about inflation, as fuel costs moved higher rather than lower.

Trump promised voters he would cut gasoline prices below $2 a gallon in his first year in office, but gasoline, diesel and jet fuel prices all rose instead.

The outcome contrasts with the pledge made to voters angry about inflation, as fuel costs moved higher rather than lower.