Trump claims US makes ‘a lot of money’ when oil prices go up, but rising costs could become political liability – key US politics stories from 12 March
Donald Trump on Thursday shrugged off the economic toll the war in Iran is taking on gas prices across the US, 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.