Weve reached the point at which the president wants consumers to be glad theyre paying more at the pump.
Trump, in late October: âWith the Democrats, youâll be paying , , and a Gallon.â
Trump, today, as gas prices approach the levels he warned about five months ago: âWhen oil prices go up, we make a lot of money.â
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, weve reached the point at which the president wants consumers to be glad theyre paying more at the pump.
As a substantive matter, the problem with Trumps claim is that the word we was doing a lot of work in his sentence. Its true that the United States is producing a lot of oil, and its 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 isnt 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 presidents: Fortunately, the United States, we produce more oil than we can consume; were a net oil exporter. So overall for the U.S. economy, this isnt bad news.
This is a message that Republicans will continue to embrace in the coming weeks and months if Democrats are extremely lucky.