Story perspectives

Trump Says U.S. Profits From High Oil Prices in Georgia

By Drooid · Oct 25, 2026, 4:11 PM UTC · How we work

Left

Fuel Costs Force Cuts

U.S. President Donald Trump told a rally in Georgia on October 24, 2026 that the United States is profiting from high oil prices.
Critics said the comment ignored how soaring gasoline and diesel costs are straining household budgets and farm operations.
National average gasoline price rose to $4.29 per gallon, about $1.25 higher than in 2025.
Toledo resident Sharie Smith reported cutting children’s extracurricular activities because gasoline now costs $50-$60 per fill-up.

Right

Supporters Accept Higher Gas

U.S. President Donald Trump addressed a rally in Georgia on Oct 24, 2026, claiming the United States is making a fortune from high oil prices.
Supporters said they are prepared to pay higher gasoline costs to prevent Iran from acquiring a nuclear weapon.
The rally was held at Pitt-Greenville Airport in North Carolina.
Trump was touring the country ahead of the Nov. 3 midterm elections.

Blindspot

Supporters of President Trump said they are willing to accept higher gasoline prices because doing so helps prevent Iran from obtaining a nuclear weapon.
Within this story's sources, this angle appears mainly in Right-leaning coverage and receives less attention in Left-leaning coverage.

History

Historical Context

In October 1973 OPEC, led by Saudi Arabia, imposed an oil embargo on the United States, prompting President Richard Nixon to create the Federal Energy Office and sign the Emergency Petroleum Allocation Act in November. Rationing and odd-even rules followed, and gasoline prices jumped 43% to 55.1¢ per gallon by June 1974, reshaping U.S. energy policy.

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Fuel Costs Force Cuts

U.S. President Donald Trump told a rally in Georgia on October 24, 2026 that the United States is profiting from high oil prices.
Critics said the comment ignored how soaring gasoline and diesel costs are straining household budgets and farm operations.
National average gasoline price rose to $4.29 per gallon, about $1.25 higher than in 2025.
Toledo resident Sharie Smith reported cutting children’s extracurricular activities because gasoline now costs $50-$60 per fill-up.

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