Trump defends skyrocketing oil prices by claiming US is 'making an absolute fortune' from war with Iran as gas hits $4.27 a gallon

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Cite

Lepore, S. M. (2026, October 28). Trump defends skyrocketing oil prices by claiming US is 'making an absolute fortune' from war with Iran as gas hits $4.27 a gallon. Daily Mail. https://www.dailymail.com/news/article-16244699/Trump-defends-skyrocketing-gas-prices-Iran-war.html?ns_mchannel=rss&ns_campaign=1490&ito=1490

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Daily Mail · collected 2026-10-28 · by Stephen M. Lepore

Quick Summary

At a Texas rally, President Donald Trump defended rising gas prices by claiming that the United States is profiting greatly from conflicts with Iran and Venezuela. He stated that the country is making more money than ever before due to increased oil production in places like Texas and Louisiana since what he referred to as "seven months ago," implicitly referencing military actions. Despite acknowledging higher fuel costs, Trump promised prices would drop soon. The national average for gas was reported at $4.27 per gallon by the American Automobile Association (AAA).
Written locally by qwen2.5:14b on 2026-10-28, using this article's own text rather than the other coverage of the same event (that is the story summary below).

AI analysis runs on qwen2.5:14b, locally

Story summary

On October 28, 2026, during a rally in Lubbock, Texas, President Donald Trump defended the rise in gas prices by asserting that the U.S. is "making an absolute fortune" from the ongoing war with Iran. The national average price of gasoline stood at $4.27 per gallon according to the American Automobile Association (AAA). Despite criticism for suggesting profits amid higher fuel costs, Trump promised that gas prices would soon decrease. He highlighted increased oil production in states like Texas and Louisiana, emphasizing record-high profits since the start of the conflict seven months prior.

Written for “Trump Defends Oil Prices” on 2026-10-28, grounded in this article and the 0 other(s) covering the same event.
Why this leaning score
The article's own words the score was based on. Each is quoted verbatim and was checked against the article text before being stored, so you can find it in the original.
Reading Leans right (beta estimate) Confidence high
Leaning: leans right for article 111266 (high confidence, 1 verified quote) · logged 2026-10-28

Story

📰 Trump Defends Oil Prices
Politics · 1 article(s) covering the same event.

Compared with similar articles

This article reads leans right and hedges 2% of its claims. Each row says how that neighbour differs.
The Straits Times
⚖️ Leans left further left than this 🔴 12% hedged 4 of 33 📰 publisher trust 68
“The articles discuss different time periods and contexts regarding diesel prices and Trump's responses, indicating separate events rather than the same incident.”
TIME
⚖️ Leans left further left than this 🔴 8% hedged 7 of 89 📰 publisher trust 59
“The articles discuss different time periods and contexts regarding high fuel prices, with Article A focusing on diesel shipments from Russia in response to issues related to Ukraine's energy war, while Article B centers on Trump defending high gas prices during an Iran War context.”
The Independent
⚖️ leaning not scored 🔴 2% hedged 1 of 42 📰 publisher trust 59
“The articles discuss different time periods and contexts related to Trump's stance on gas prices during the war with Iran.”
Toronto Star
⚖️ Leans left further left than this 🔴 7% hedged 5 of 74 📰 publisher trust 64
“The articles discuss different aspects and timeframes of inflation and gas prices under President Trump's administration without describing the exact same incident.”
The Bulwark
⚖️ Leans left further left than this 🔴 14% hedged 1 of 7
“While both articles discuss high oil prices related to Iran, they refer to different time periods and contexts.”
Toronto Star
⚖️ leaning not scored 🔴 2% hedged 1 of 43 📰 publisher trust 64
“While both articles discuss President Trump's comments regarding gas prices and the Iran war, they describe different instances of his remarks with distinct dates.”
The Independent
⚖️ leaning not scored 🔴 8% hedged 3 of 37 📰 publisher trust 59
“The articles discuss related topics but refer to different speaking engagements: one is an appearance by Energy Secretary Wright on Fox News, while the other involves Trump speaking at a rally in Texas.”
Washington Examiner
⚖️ Leans right 🔴 0% hedged 0 of 2 📰 publisher trust 70
“The articles describe different aspects of President Trump's activities related to energy policy and pricing in Lubbock, Texas, but do not clearly report on the same specific incident.”
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Claims extracted
41
sentences that state something as happening or true
Uncertain
2%
1 of 41 hedged ("reportedly", "may", "according to")
Leaning
Leans right
of the writing, not the subject · beta estimate
Publisher signals
68/100
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Outlets on this story
1
Politics
Same framing elsewhere
1
articles that frame the event the way this one does
Analyzed 2026-10-28 · how these are computed

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Daily Mail · 7914 article(s) · 19 correction(s) detected
Running correction rate · 19 correction(s)

Who wrote this

Stephen M. Lepore
75 article(s) here · 1 carrying a prediction
🔮 - Sign up HERE for the DC Insider Newsletter - our guide to what's rocking Washington, rattling the White House and setting tongues wagging on the Hill Donald Trump defended high gas prices by claiming America is 'making an absolute fortune' from the Iran War while still promising they would go down soon.
🔮 - Sign up HERE for the DC Insider Newsletter - our guide to what's rocking Washington, rattling the White House and setting tongues wagging on the Hill America's allies in the Gulf region have been warned that the US may begin a 'short, intense renewal' of strikes against Iran shortly after the midterms.
🔮 Polling guru Nate Silver said that if the Democrats win both the House and Senate in the midterm elections it will be 'the end of the Trump era.'
🔮 Only a stupid person would run the country like that,' Trump said.
🔮 The news comes amid another spike in oil prices and rumors that Donald Trump may resume strikes on Tehran after the midterm elections.
🔮 He challenged her explanation for the short briefing, asking: 'Why only three questions in 14 minutes?' before warning her that the White House briefing room would 'never be a friendly room to you.
🔮 The woman accusing seven Cornell fraternity members of sexual assault will remain anonymous as ‘Jane Doe’ throughout her civil trial against them and the university, a judge has ruled.
🔮 Erika Kirk asked a judge to reject a 'grossly out of line' proposal by attorneys for the man who allegedly killed her husband that would delay his trial until 2029.
🔮 The horse-drawn carriages that have cruised through Central Park for more than 150 years will soon be banished from the Big Apple, ending an iconic tradition beloved by tourists but long opposed by animal welfare activists. Trump criticized the New York City Council Thursday for passing the Mamdani bill by a 40-7 margin in a Truth Social post. 'So sad to see the beloved Central Park Horse-drawn Carriage Industry ending after over a century, based largely on one tragic accident,' Trump, a New York native, said.
🔮 Musk's move limited the speed at which Kyiv's hardware could remain connected to his satellite network.
Also by Stephen M. Lepore
Nothing else under this byline is closely related to this article, so these are simply their most recent.
All 75 articles by Stephen M. Lepore →

Topics

America Corpus Christi Texas Venezuela the Iran War

Subjects

Trump PERSON · 14× Texas GPE · 4× Venezuela GPE · 4× Donald Trump PERSON · 3× AAA ORG · 2× America GPE · 2× Corpus Christi GPE · 2× Iran GPE · 2× Venezuelan NORP · 2× Washington GPE · 1×

Narrative

He cited the Middle East getting its oil from places like Texas and Louisiana and reiterated that 'we're making a fortune.' Donald Trump defended high gas prices by claiming America is 'making an absolute fortune' from the Iran War while still promising they would go down soon A sticker depicting President Donald Trump and reading 'I DID THAT!' is affixed beside gasoline and diesel prices at a gas station in Newtown, Pennsylvania, in September of 2026 'Texas has never, ever done numbers like this.
framing: assertive · carried by 1 article(s) · first seen 2026-10-28
🔮 - Sign up HERE for the DC Insider Newsletter - our guide to what's rocking Washington, rattling the White House and setting tongues wagging on the Hill Donald Trump defended high gas prices by claiming America is 'making an absolute fortune' from the Iran War while still promising they would go down soon.

Claims (41 extracted, 1 hedged)

- Sign up HERE for the DC Insider Newsletter - our guide to what's rocking Washington, rattling the White House and setting tongues wagging on the Hill Donald Trump defended high gas prices by claiming America is 'making an absolute fortune' from the Iran War while still promising they would go down soon. asserted
they → sign → War
Diesel sits at $6.35, down from a record high of $6.52 at the end of September. asserted
Diesel → sit → September
Speaking at a rally in Lubbock, Texas on Tuesday night, Trump said the profits from oil production are at an all-time high. asserted
profits → speak → high
'Because of the Middle East, you know that when you say the last seven months, you've produced more oil, more everything, you've made more money than you've ever made. asserted
you → know → money
You know what took place seven months ago? asserted
what → know → place
The war,' Trump said. asserted
Trump → say → ?
Trump then chided critics who suggested he was being crass for suggesting the country was making money when 'people have to pay more at the pump.' 'Paying more at the pump is gonna come down really fast, okay?' uncertain
Paying → chide → pump
The President continued: 'Here's what's important, it's really good. asserted
it → continue → ?
Our country is making a fortune, more than it's ever made.' asserted
it → make → fortune
He cited the Middle East getting its oil from places like Texas and Louisiana and reiterated that 'we're making a fortune.' Donald Trump defended high gas prices by claiming America is 'making an absolute fortune' from the Iran War while still promising they would go down soon A sticker depicting President Donald Trump and reading 'I DID THAT!' is affixed beside gasoline and diesel prices at a gas station in Newtown, Pennsylvania, in September of 2026 'Texas has never, ever done numbers like this. asserted
Texas → cite → this
You know why? asserted
You → know → ?
Because seven months ago, we started...' Trump said, without adding the beginning of the war. asserted
Trump → start → war
However, Trump did promise that he is listening on gas prices, saying 'the ones we care about are the people at the pump. asserted
we → promise → pump
' 'Those numbers are going to start coming down really, really rapidly,' he assured. asserted
he → go → ?
As Trump's war in Iran spikes gas prices and adds pressure on Republican candidates across the US, he sought to highlight an earlier military operation in Venezuela. Secretary of State Marco Rubio briefly appeared onstage with Trump, who used the trip in part to highlight the arrangement made with Venezuela to process more of its crude oil in Texas refineries. asserted
who → spike → refineries
'We´re celebrating the greatest oil victory in history,' Trump said in Corpus Christi. asserted
Trump → celebrate → Christi
Trump attended the first rally of the day in the port city of Corpus Christi, where the oil tanker Angerona was docked outside. asserted
tanker → attend → Christi
'We have a little breaking news,' he told the audience. asserted
he → have → audience
That's got 1 million barrels of oil on it from Venezuela. asserted
That → get → Venezuela
And we're celebrating the greatest oil victory in history. asserted
we → celebrate → history
To the victor belong the spoils, right? asserted
spoils → belong → victor
Trump points to an oil tanker he said carries 500,000 barrels of Venezuelan oil during a campaign rally at the Port of Corpus Christi In January, Trump ordered US forces to capture Venezuelan President Nicolás Maduro, putting his No. 2, Delcy Rodríguez, in charge. asserted
Trump → point → charge
In August, he announced an agreement granting the US a fifth of Venezuela's oil. asserted
he → announce → oil
And on Tuesday, the first shipment had arrived. asserted
shipment → arrive → Tuesday
'But the oil on the ships outside is being provided to the United States at zero cost to the American taxpayer. asserted
oil → provide → taxpayer
That's not bad,' he added. asserted
he → add → ?
However, prices remain well over $4 a gallon and in some cases over $6 a gallon for Diesel. asserted
prices → remain → Diesel
Regular gasoline sat at $2.81 a gallon in January. asserted
gasoline → sit → January
The highest average US gas price reached $5.02 in June 2022 under former President Joe Biden. asserted
price → reach → Biden
However, the national average price in Trump's second term has been $3.473 per gallon compared with $3.471 under Biden per a CNN analysis of AAA data, making the average higher under Trump. Those skyrocketing costs, which rose as a result of President Trump's war with Iran that he often calls a 'little detour,' are sinking Republicans on the campaign trail. asserted
he → compare → trail
However, the drawn-out conflict has instead rocked the global economy and piled fresh pressure on Americans already struggling with the cost of living. asserted
conflict → draw → living
Commerce Secretary Howard Lutnick, Texas Lt. Gov. Dan Patrick and Republican Senate candidate, Texas Attorney General Ken Paxton at a rally in Corpus Christi An AP-NORC poll released last week found voters in both parties want the next Congress to focus on bringing down everyday costs and ending the war which has presented another headache for GOP candidates ahead of the November 3 elections. asserted
which → release → elections
Paxton was caught trashing the war in audio leaked by Axios from a private event last month. asserted
Paxton → catch → event
At the event, Paxton was asked by an attendee what he sees as 'dragging' his campaign, to which he responded: 'It's not tariffs.... asserted
It → ask → which
The Lone Star State Republican made the admission to a room of lobbyists at a private fundraising lunch in Washington, DC. asserted
Republican → make → Washington
Although Trump tried to address diesel costs by making a deal with Russian president Vladimir Putin that centered on the administration issuing temporary licenses allowing Russian diesel imports into the US for six months, he faced criticism from Republicans. asserted
he → try → Republicans
In Iowa, where fall means harvest season as much as it does election season, Republican Senate candidate Ashley Hinson told the Daily Mail earlier in October that the diesel deal made her 'nervous.' asserted
her → mean → October
Beyond a deal with Russia, Hinson floated several other fixes. asserted
Hinson → float → fixes
She called for 'investing in our refining capacity here in the United States that has gone by the wayside,' and said the administration was taking steps to 'reinvigorate American independence again.' asserted
administration → call → independence
She also urged lawmakers to explore 'a temporary pause in the gas tax' and 'potentially a diesel rebate program' for farmers and truckers who rely on the fuel for work. asserted
who → urge → work
…and 1 more, not listed.
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