Trump Said the 'Quiet Part' Out Loud on Gas Prices, Says Bernie Sanders: His Billionaire Friends Getting Rich Matters More Than Your Pump Costs

Key takeaways

• Trump’s dismissal of gas‑price concerns amid soaring oil profits fuels political backlash and highlights the widening gap between corporate gains and consumer costs.
• National average gasoline price: $4.29 per gallon
• Year‑over‑year increase: 40%
• Additional spending on fuel since March 1: $138.8 billion

What happened

Senator Bernie Sanders blasted President Donald Trump on X for dismissing Americans’ worries about rising gasoline prices while celebrating record profits for U.S. oil and gas companies. Trump said, "I don’t give a damn. We’re making a freaking fortune," during a rally in Perry, Georgia, and added that oil prices would fall once the Iran war ended. Sanders, along with Democratic strategist David Axelrod and California Governor Gavin Newsom, criticized Trump’s comments as out of touch with…

Why it matters

The exchange highlights a growing divide between political rhetoric and the economic reality of consumers facing steep fuel costs. Trump’s remarks may erode public trust and fuel political backlash ahead of the midterm elections, while the soaring gas prices and oil profits could influence voter sentiment and policy…

Short-term and longer-term

Short-term. In the next few days, oil majors’ shares could see short‑term volatility as investors weigh the political backlash against continued high oil prices.

Longer-term. Over the coming months, the narrative may shape long‑term investment themes around energy transition and regulatory risk.