VP Vance: Gas and Grocery Prices Will ‘Take a Little Bit of Time’ to Drop

Vice President JD Vance recently acknowledged that while gas and grocery prices are expected to drop, Americans may need to wait “a little bit of time” before significant changes are noticeable.

In an interview on CBS’ Face the Nation with journalist Margaret Brennan, Vance was asked about the administration’s efforts to lower consumer prices. Brennan pointedly questioned: “You campaigned on lowering prices for consumers. We’ve seen all of these executive orders. Which one lowers prices?”

Vance responded: “Well, first of all, we have done a lot. And there have been a number of executive orders that have caused, already, jobs to start coming back into our country, which is a core part of lowering prices.”

President Trump’s actions to bring down energy costs won’t just benefit Americans at the gas pump, lower energy prices mean lower costs for Americans at the grocery store and in every other aspect of their lives. pic.twitter.com/2KnIHSMCZ5

— Vice President JD Vance (@VP) January 26, 2025

Highlighting the administration’s focus on energy, Vance emphasized that President Trump’s executive orders aimed at increasing energy production will not only reduce gas prices but also decrease costs across various sectors, including groceries. “More capital investment, more job creation in our economy, is one of the things that’s going to drive down prices for all consumers, but also raise wages so that people can afford to buy the things that they need,” he said.

During the campaign, President Trump pledged to lower grocery costs, stating in December, “We will bring those prices way down.” On Sunday, Vance reiterated this promise, stating, “Prices are going to come down, but it’s going to take a little bit of time, right? The president has been president for all of five days. I think that, in those five days, he’s accomplished more than Joe Biden did in four years.”

Brennan pressed further, asking for a clearer timeline on when grocery prices might decrease. Vance pointed to the relationship between energy costs and food prices, stating, “How does bacon get to the grocery store? It comes on trucks that are fueled by diesel fuel. If the diesel is way too expensive, the bacon is going to become more expensive. How do we grow bacon? Our farmers need energy to produce it. So if we lower energy prices, we are going to see lower prices for consumers, and that is what we’re trying to fight for.”

Vance concluded by commending the administration’s swift actions: “We’ve taken over 200 executive actions – some executive orders, other executive actions. Again, this is less than a week, and a lot of them were focused on the economy, bringing investment into our country, and lowering energy prices. … He’s doing the American people’s business, and I think they’re going to see a lot of good effects from it.”

Trump and Vance remain committed to the administration’s energy-first approach, holding firm that these measures will benefit Americans in both the short and long term.