'We make a lot of money': Trump downplays rise in gas prices during Iran war
By: ChrisJStein (the Guardian)
S E E D E D C O N T E N T
The US president says higher oil prices benefit the country as Iran war pushes petrol costs above $100 per barrel
Donald Trump on Thursday shrugged off the economic toll the war in Iran is taking on gas prices across the United States, writing on social media that "when oil prices go up, we make a lot of money".
The president's comment came as the American Automobile Association reports that the average price for a gallon of gas hit $3.60, a week after the beginning of the US-Israel military operation against Iran prompted the largest price spike since the opening days of Russia's invasion of Ukraine in 2022.
Russia earned €6bn from fossil fuel exports since start of Iran war, data suggestsRead more
Costs at the pump have increased in line with the price of crude, which climbed above $100 per barrel on Thursday as Iran launched attacks on oil facilities across the Middle East, despite the release of global petroleum reserves intended to stabilize markets.
"The United States is the largest Oil Producer in the World, by far, so when oil prices go up, we make a lot of money," the president wrote on Truth Social.
"BUT, of far greater interest and importance to me, as President, is stoping an evil Empire, Iran, from having Nuclear Weapons, and destroying the Middle East and, indeed, the World. I won't ever let that happen!"
While the US is the top global crude producer, prices are influenced by global markets and supply chains, with some products coming from refineries overseas.
The rise in gas prices poses a political liability for Trump as primaries have begun ahead of the November midterm elections, when his Republican allies will be defending their small majorities in the Senate and House of Representatives.
Democrats have placed concerns about the cost of living at the center of their pitch to voters, and routinely lambast Trump for pursuing hostilities against Iran that they argue fail to meet his campaign promise of lowering prices.
"President Trump should end this stupid war now and bring down gas prices for the American people," Don Beyer, a Democratic congressman from Virginia, said in response to Trump's post.
"Fortunately for his big oil donors though, Trump doesn't mind your pain at the pump since they are going to 'make a lot of money'."
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Who is this "we"?
him and his rich oil buddies
Were you saying that when Biden had gas prices even HIGHER than they are now?
No because the supply chain debacle related to COVID was obvious to everyone.
Presidents rarely control oil and /or gas prices, but Biden did release reserves when "everyone" agreed it would provide some consumer relief.
Biden didn't invade Venezuela where the oil industry collapsed
Biden didn't attack Iran which has a natural strangle hold on 21% of the planets oil flow.
Now Iran has blocked the Strait of Hormuz with the stranded freighter from Bangkok and spread mines in the Strait as well.
The Gulf States have no choice but to suspend pumping and refining crude.
The Trump Administration did this without any forethought to the rest of the world economy or our own.
American farmers just got hit with fertilizer price hikes too, many grousing that they will quit farming.
But sure deflect to Biden.
thank you for that answer. I don't talk to that guy
Actually, yes, he and his billionaire buddies were making bank back then too.
good one
Bullshit, Biden did it because he wanted gas prices lower for the election.
Don't tell me about forethought, Biden elected to pull out of Afghanistan using an unsecured airport vs Bagram Military base that we controlled.
I don't talk to that guy
Same here.
Right back at you.
There are many reasons to do he right thing, don't let your hate make you myopic.
Bagram Military base that we controlled?
Bagram, accessible only by an indefensible flat straight as a ruler highway 37 miles from the palace in Kabul, was abandoned on July 01,
when the last duty officer handed rings and rings of keys to the commander of the local Afghan garrison.
All operational planes had been flown off in the prior 90 days.
No ground crews and limited equipment for fueling/refueling were gone. It wasn't designed like an airport for fast loading people - it was a very spread out military base designed to protect military planes and servicemen.
Imagine trying to protect 37 miles of buses and POVs in lines across open desert.
The generals decided the final evacuation plans. Bagram was never an option.
The generals and Lloyd Austin convinced Biden to put thousands of troops back into Kabul with two weeks to go.
Maybe it helped, maybe it didn't, but at least know what you are talking about.
Butt, butt Biden ! /S
I really hate this man. Yes. I said it. Come at me bro. You know who you are
He is in decline and denial.
He's vile and despicable
Seems like a good time to invest in Venezuela's largest oil reserve on the planet. Trump would be bragging if that was paying off.
Trump has laid out a buffet of condiments. Where's the beef? One more nothing burger won't be very satisfying.
Just what did happen to all that oil from Venezuela?
check Trump's Qatar bank account
Two full oil tankers were attacked by Iranian kamikaze sea drone boats and set ablaze bigly in Iraq territorial waters, now Iraq is pissed off.
A third tanker was attacked yesterday trying the suicide run through the Straits of Hormuz. With the exception of three men in the engine room all of the crew evacuated into a variety of Orange lifehouses.
Pictures show a gaping hole in the water line on the port side where you would expect the engine room to be. The engine room is in flames and a great portion of the hull is smoking from the heat.
Since 02/27/2026
Some 12 days ago and counting
Strait of Hormuz Live Tracker — Real-Time Shipping & Oil Crisis Monitor
5 ships made it through
3200 are waiting on either side of the Straits.
That is a serious Supply Chain issue.
Donald Trump on Thursday shrugged off the economic toll the war in Iran is taking on gas prices across the United States, writing on social media that "when oil prices go up, we make a lot of money".
"WE", he doesn't mean the middle class. For decades the GOP has been milking the middle class/poor to make money, this is just another example, and poor trump supporters would gladly vote for the fucker again, no questions asked. Pretty sad.
"We" is definitely not the middle class. The middle class is who "we" are making all this money from.
In all the huge open skies over open desert over Iraq and Jordan two
KC-135s attempted to occupy the same space t the same time.
One lost it gigantic tail fin in the accident and spun out of control into the planet with 6 KIA.
Th other flew on to Tel Aviv with no serious issues suggesting to was the higher plane, but not which one flew into the others space.
Some rag tag outfit still holding out in Iraq is claiming it fired SAMs at both planes.
The Trump WH of course denies this.