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Trump touted falling gas prices, but now says 'we make a lot of money' as they go up

Mar 12, 2026Center Left

President Donald Trump says all the time that gas prices are dropping on his watch, but with the Iran war, he says rising oil costs are good for America.

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‘We make a lot of money’: Trump downplays gas prices during Iran war

The Guardian

Mar 12, 2026

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‘We make a lot of money’: Trump downplays gas prices during Iran war

The US president says higher oil prices benefit the country as Iran war pushes petrol costs above $100 per barrelSign up for the Breaking News US email to get newsletter alerts in your inboxDonald 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…

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Trump: ‘When oil prices go up, we make a lot of money’

The Hill

Mar 12, 2026

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Trump: ‘When oil prices go up, we make a lot of money’

President Trump argued the U.S. benefits when oil prices go up on Thursday amid growing concerns over the impact of Washington’s operation in Iran on energy costs. “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,” Trump said in…

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Trump pivots to celebrate rising oil prices: ‘We make a lot of money’

Washington Examiner

Mar 12, 2026

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Trump pivots to celebrate rising oil prices: ‘We make a lot of money’

President Donald Trump pivoted on concerns over rising oil prices, saying that it was poised to make the United States “a lot of money.” In a post on Truth Social, Trump suggested for the first time that rising oil prices were actually a good thing, as the U.S. is the world’s leading producer of oil.…

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