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LetMyPeopleVote

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16. MaddowBlog-Trump and his allies pitch a new idea: Maybe higher gas prices aren't 'bad news'
Thu Mar 12, 2026, 04:19 PM
Thursday

We’ve reached the point at which the president wants consumers to be glad they’re paying more at the pump.

Trump, in late October: “With the Democrats, you’ll be paying , , and a Gallon.”

Trump, today, as gas prices approach the levels he warned about five months ago: “When oil prices go up, we make a lot of money.”

If Dems are lucky, the White House will keep pushing this line.

Steve Benen (@stevebenen.com) 2026-03-12T16:48:06.117Z

https://www.ms.now/rachel-maddow-show/maddowblog/trump-and-his-allies-pitch-a-new-idea-maybe-higher-gas-prices-arent-bad-news

It was against this backdrop that the Republican president rolled out a very different kind of message on Thursday morning. Just 17 weeks after he wrote, “Under President Trump, ME, Gasoline will come down to approximately $2 a Gallon,” Trump tried selling Americans on the opposite message.

“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 wrote.

Yes, we’ve reached the point at which the president wants consumers to be glad they’re paying more at the pump.

As a substantive matter, the problem with Trump’s claim is that the word “we” was doing a lot of work in his sentence. It’s true that the United States is producing a lot of oil, and it’s also true that higher prices help generate oil industry profits. But since the number of Americans who benefit from oil industry profits is very small, few will likely celebrate the hit to their wallets.

Complicating matters, Trump isn’t alone on this. Kelly Loeffler, head of the Small Business Administration, downplayed the importance of rising gas prices in a podcast interview this week. And on Thursday morning, Energy Secretary Chris Wright appeared on Fox News and pushed a line that was eerily similar to the president’s: “Fortunately, the United States, we produce more oil than we can consume; we’re a net oil exporter. So overall for the U.S. economy, this isn’t bad news.”

This is a message that Republicans will continue to embrace in the coming weeks and months if Democrats are extremely lucky.

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I am confused here...he is or is he just blowing bs out his arse, sheshe2 Wednesday #1
I have previously read that Trump did little to fill up these tanks--so now he has filled them up. riversedge Wednesday #2
All thanks to Biden. From a US Dept of Energy report: The Biden administration used a three-part replenishment strategy ancianita Wednesday #3
OR... Trump could stop US-based Petroleum Companies from PRICE GOUGING!! Tim S Wednesday #4
Much of the oil produced by US wells is not suitable for some purposes including Gasoline. Ford_Prefect Wednesday #6
Thanks! Your reply spurred me to perform a search and I found this on Wikipedia ... Tim S Thursday #13
An informed post. Thanks. It is more complicated than Trump could comprehend. twodogsbarking Thursday #15
Desperate and embarrassing Prairie Gates Wednesday #5
We are an oil exporting country correct?? So when our gas prices go up, it's because oil producers wiggs Wednesday #7
it's not that simple catsudon Thursday #14
That's 41% of current inventory. Not much wiggle room left. surfered Wednesday #8
That's a around five days worth... Hugin Wednesday #9
Scraping the barrel HipChick Thursday #10
Only Part Of The Story DallasNE Thursday #11
Are Republicans going to timms139 Thursday #12
Trump tapping the reserves is much more of a misstep Shermann Thursday #17
MaddowBlog-Trump and his allies pitch a new idea: Maybe higher gas prices aren't 'bad news' LetMyPeopleVote Thursday #16
Latest Discussions»Latest Breaking News»Iran war: Trump will rele...»Reply #16