StockDuty ← Dashboard Oct 26, 2026 07:18 AM ET
SignalGeopolitics

Trump on high gas prices: 'We're making a freaking fortune'

Trump links high gas prices to national profit, signaling policy stance on energy costs.

What happened: Trump said at a Georgia rally that US oil companies are making a "fortune" from the Iran war, while Americans pay record pump prices. Key numbers: AAA average regular gas $4.29 a gallon, up from $2.98 in February. Diesel $6.35, up from $3.75. 38 US producers and refiners grew revenues about $140 billion year over year, per Oil & Gas Journal. Why it matters: The comments come less than two weeks before midterms, as voters face an affordability crisis. Trump said he reached a deal with Putin to import Russian diesel, a move analysts warned could aid Russia's economy.
Trump said at a Georgia rally that US oil companies are making a "fortune" from the Iran war, while Americans pay record pump prices.
The comments come less than two weeks before midterms, as voters face an affordability crisis. Trump said he reached a deal with Putin to import Russian diesel, a move analysts warned could aid Russia's economy.
Sources