NEWS
Gas prices didn’t just “go up.” The national average is now around 3.70+ a gallon after a huge spike this month — driven by Trump’s Iran war and an oil industry cashing in on the chaos.
Gas prices didn’t just “go up.” The national average is now around 3.70+ a gallon after a huge spike this month — driven by Trump’s Iran war and an oil industry cashing in on the chaos.
By escalating a new conflict with Iran and helping choke off a key oil route, the Trump White House pushed global oil prices higher, and those costs are now being dumped straight onto U.S. drivers.
While you’re paying more at the pump, Big Oil is doing just fine.
ExxonMobil pulled in tens of billions in profit last year and returned nearly 40 billion to shareholders, and Chevron sent over 27 billion back to investors.
Experts say U.S. oil companies stand to benefit from war‑driven price spikes, especially in places like Texas, even as their own neighbors get hit with higher gas bills.
It’s higher profits for them, higher costs for you.
Bottom line: Trump chose escalation that raises oil prices, and oil companies are choosing to turn that crisis into shareholder payouts instead of relief for consumers.
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