United States President Donald Trump has downplayed the economic impact of $100 a barrel oil as a “very small price to pay” in order to keep up the war efforts. “ONLY FOOLS WOULD THINK DIFFERENTLY!” Trump wrote in a Truth Social post.
The surge in oil prices and subsequent damage to the U.S. economy could to be too much for many Americans. Right now, most everyday people are feeling the cost-of-living crisis as inflation crushes their purchasing power, and the costs of everything have skyrocketed. But you’ll get no sympathy from the ruling class, who are now telling people who can’t afford groceries that a price increase in their fuel is a “very small price to pay.”
In the Truth Social post on Sunday, Trump wrote: “Short term oil prices, which will drop rapidly when the destruction of the Iran nuclear threat is over, is a very small price to pay for U.S.A., and World, Safety and Peace. ONLY FOOLS WOULD THINK DIFFERENTLY!”
According to a report by RT, during his reelection campaign, Trump promised cheaper gas and no costly wars. However, according to data from the American Automobile Association, the national average price of regular gasoline has risen by 15% over the past week to $3.45 per gallon, with some areas reporting increases of nearly 30%.
Not only that, but Trump has started wars with both Venezuela and Iran. Just because Venezuela did not fight back does not mean that it wasn’t a war and was certainly not a cost-free regime change. Unfortunately, Trump has hoodwinked an unfortunate number of voters, and now people will be deciding whether to put fuel in their gas tanks or food on their tables.
U.S. Treasury Secretary Scott Bessent said on Friday that Washington is exploring additional measures to lower oil prices. Energy Secretary Chris Wright pledged to bring gasoline back below $3 per gallon “before too long.”
JPMorgan chief economist Bruce Kasman told Reuters that the “near-term scenario” could see crude prices spike toward $120 per barrel before settling “at an elevated $80 bbl through mid-year” if the conflict persists. Russian presidential investment envoy Kirill Dmitriev said on Monday that oil prices could exceed $200 a barrel in the event of a “prolonged conflict.”
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