Trump on high gas prices: 'We're making a freaking fortune'
Source: Business Insider ·
Americans, meanwhile, are paying record prices at the pump, according to AAA.
From the source
President Donald Trump said on Saturday that American oil companies were making a fortune on the Iran war.Andrew Harnik/Getty ImagesTrump said on Saturday that American oil companies are making a "fortune" on the Iran war.Americans, however, are paying record prices at the pump, according to AAA.Trump made the comments less than two weeks from the midterm elections.Though regular Americans are paying more at the pump, US oil companies are striking it rich, President Donald Trump said on Saturday.Speaking at a rally in Georgia, Trump said that oil prices are "temporarily high," but added that the throttling of the Strait of Hormuz has pushed oil buyers to American companies with operations in Texas, Oklahoma, and Louisiana."The United States oil and gas business is making hundreds of billions of dollars," Trump said. "I don't give a damn, I'm going to say it — we're making a freaking fortune."Indeed, a Q2 report this year from the Oil & Gas Journal, a trade publication, noted that…
BestAIBroker analysis
- Finance-aware sentiment: slightly negative (-0.20 on a -1 to +1 scale).
- Event classification: OTHER.
- Market importance score: 27/100, weighting entity relevance, source credibility, multi-outlet coverage and recency.
- Symbols referenced: AAA.