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“Because of the Price of Oil … We’re Making a Fortune,” Trump Says at Rally
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technocrit lemmy.dbzer0.com technocrit@lemmy.dbzer0.com
Joined: 2024-02-19
Quote

President Donald Trump attempted to spin high oil prices as a boon for the United States at a rally in Arizona on Wednesday, just hours after new federal data showed that inflation reached its highest level in months in September.

“Because of the price of oil, Texas and Oklahoma and North Dakota and all these places, we’re making a fortune,” Trump declared, referring to states that produce large amounts of crude oil. Those states are home to major fossil fuel companies that have reported windfall profits amid Trump’s illegal war on Iran.

Trump insisted that gas prices — currently at an average of $4.33 per gallon for regular gas and $6.32 for diesel — would tumble once the Iran war ends, but his administration has repeatedly given false timelines for the deadly conflict and has shown no indication that it is willing to reach a lasting diplomatic agreement.

Trump, who has profited massively from his second term in the White House, is a major investor in oil and gas companies. According to one recent analysis, the president’s investments in fossil fuel stocks have boosted his net worth by up to $15.5 million since January.

Working-class Americans, meanwhile, are struggling to make ends meet as high gas prices compound a broader affordability crisis that extends to food, housing, and other necessities. A tracker maintained by the Watson School of International and Public Affairs estimates that American consumers have paid an extra $135 billion combined in fuel costs since the start of the Iran war — roughly $1,030 per household.

Wage growth has not kept up with inflation, which rose to an annualized rate of 3.7% last month.

120   Original
Freeposity lemmy.world Freeposity@lemmy.world
Joined: 2026-04-27
#2 · Quote Reply

"We" being the Epstein class.

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TheFeatureCreature lemmy.ca TheFeatureCreature@lemmy.ca
Joined: 2025-02-15
#3 · Quote Reply

Trump is at his most honest during these rallies. He outright insults his fans right to their faces, admits he is screwing them, calls them stupid, says they'd vote for him no matter what crime he commits, etc

48
tempest lemmy.ca tempest@lemmy.ca
Joined: 2023-06-30
#4 · (edited) Quote Reply

Trump is at his most honest during these rallies. He outright insults his fans right to their faces, admits he is screwing them, calls them stupid, says they'd vote for him no matter what crime he commits, etc

It's because his cadre of ghouls and media sycophants can't filter his bullshit while he is on stage.

I need the new York Times to get an expert in and treat his demented ramblings as anything other than that.

10
Sarah Valentine pawb.social SarahValentine@pawb.social
Joined: 2026-06-30
#5 · Quote Reply

"We" being the Epstein class.

Yep. With respect to George Carlin: "It's a big club, and you ain't in it!"

15
vinsombra lemmy.world vinsombra@lemmy.world
Joined: 2026-04-23
#6 · Quote Reply

He is directly telling everyone that he does not consider Americans "we". His "we" is, AT BEST, oligarchs in America.

18
lntl lemmy.ml lntl@lemmy.ml
Joined: 2023-06-04
#7 · Quote Reply

I just paid $4.50/gal for gas. Where's my fortune?

8
Suck_on_my_Presence lemmy.world Suck_on_my_Presence@lemmy.world
Joined: 2023-07-07
#8 · Quote Reply

I just paid $4.50/gal for gas. Where's my fortune?

Yep. $5.85 where I live. Am I rich yet?

3
lntl lemmy.ml lntl@lemmy.ml
Joined: 2023-06-04
#9 · Quote Reply

Trump is at his most honest during these rallies. He outright insults his fans right to their faces, admits he is screwing them, calls them stupid, says they'd vote for him no matter what crime he commits, etc

2
Raiderkev lemmy.world Raiderkev@lemmy.world
Joined: 2023-07-01
#10 · Quote Reply

Member when big oil bribed Trump in 2024 and he told them he'd do whatever they want?

https://www.politico.com/news/2024/05/09/trump-asks-oil-executives-campaign-finance-00157131

Surely that wasn't a quid pro quo to get him to kill regulations and do everything in his power to jack up the price of oil right? ... Right?

7
BitUnWise programming.dev BitUnWise@programming.dev
Joined: 2026-04-15
#11 · Quote Reply

Yep. $5.85 where I live. Am I rich yet?

Just wait, it'll trickle down any day now...

4
otp sh.itjust.works otp@sh.itjust.works
Joined: 2023-11-06
#12 · Quote Reply

He is directly telling everyone that he does not consider Americans "we". His "we" is, AT BEST, oligarchs in America.

Some languages have an inclusive we and an exclusive we. So "we (including you)" vs. "we (not you)"

5
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