In His Own Words: Trump on Gas Prices and Energy Costs Since Launching the War with Iran – WTOP News
Trump said U.S. producers are making hundreds of billions as AAA put the national average gas price at $4.29 a gallon.
- On Saturday, President Donald Trump told rallygoers in Georgia the United States is making a "fortune" from high oil prices, dismissing concerns about elevated gasoline costs for American motorists.
- Advisers warned Trump against highlighting those gains, fearing backlash as Middle East conflict diverts oil buyers to American companies in Texas, Oklahoma, and Louisiana.
- Data from the Oil & Gas Journal showed 38 North American producers grew revenues by about $140 billion, while ordinary Americans spent around $1,100 per household on energy costs since the war began.
- Critics immediately denounced the remarks, with California Governor Gavin Newsom congratulating "Big Oil" sarcastically and others mocking Trump for using a "widdle baby voice" regarding the affordability crisis.
- The comments arrive less than two weeks before midterm elections, where a New York Times/Siena poll found 73 percent of likely voters disapprove of the administration's handling of gas prices.
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Trump says US is 'making a fortune' from higher oil prices. Who benefits?
President Donald Trump says higher oil prices are making America wealthier. But economists say the gains are concentrated among producers and investors, while consumers face rising costs.
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David Axelrod slams Trump for boasting about oil profits as gas prices soar
Democratic strategist David Axelrod, a former senior adviser to President Barack Obama, criticized President Donald Trump after Trump told a rally crowd in Georgia that he did not “give a damn” about high fuel prices. Trump said the United States was “making a freaking fortune” from oil. David Axelrod, a Democratic strategist, stated that Donald Trump ‘doesn’t give a damn about high gas prices’ David Axelrod said that Donald Trump is ‘making mon…
Who Is Making Billions From The Iran War? » Sons of Liberty Media
At a campaign rally over the weekend, President Trump dismissed Americans’ concerns over high oil and gas prices, claiming that it’s a small price to pay for the hundreds of billions of dollars “we” are making from these higher prices. “We’re making a fortune,” he said. “Hundreds of billions of dollars. Trillions of dollars.” People …
Who Is Making Billions From The Iran War?
At a campaign rally over the weekend, President Trump dismissed Americans’ concerns over high oil and gas prices, claiming that it’s a small price to pay for the hundreds of billions of dollars “we” are making from these higher prices. “We’re making a fortune,” he said. “Hundreds of billions of dollars. Trillions of dollars.” People […]
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