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MaddowBlog-As oil prices soar, Trump's boast about 'stabilizing' gas prices looks ridiculous
Four days ago, the president touted the “decisive action” his administration took “to help keep down the oil prices.” Oops.
As oil prices soar, remember: It was four days ago when Trump said he helped “stabilize†gas prices, touting the “decisive action†his administration took “to help keep down the oil prices.â€
— Steve Benen (@stevebenen.com) 2026-03-09T14:56:20.343Z
Yeah, about that...
www.ms.now/rachel-maddo...
https://www.ms.now/rachel-maddow-show/maddowblog/as-oil-prices-soar-trumps-boast-about-stabilizing-gas-prices-looks-ridiculous
The gap between what Trump promised to deliver and what he has delivered is enormous — and growing. As The New York Times summarized, “Oil prices surged on Monday in a sign of growing concern that the war in the Middle East will continue to take a toll on energy supplies, raising gas prices for American consumers and weighing on the stock market.”.....
To put the increase in perspective, I put together this chart showing WTI prices over the last year.
To be sure, the White House has insisted that this is a temporary setback. In an item published to his social media platform on Sunday afternoon, the president argued after his latest golf outing, “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!” (He was referring to an Iranian nuclear threat that he has claimed to have “obliterated” last summer.)....
“Yesterday, my administration announced decisive action to help keep down the oil prices,” he declared. Moments later, he went on to say that oil prices “have pretty much stabilized.”
Right around the time Trump made those comments, oil prices were roughly $80 a barrel. They topped $100 soon after.
So here are the questions for the communications team in the West Wing: (1) Was the administration’s “decisive action to help keep down the oil prices” a failure? (2) Does the president know what “stabilized” means?
To put the increase in perspective, I put together this chart showing WTI prices over the last year.
To be sure, the White House has insisted that this is a temporary setback. In an item published to his social media platform on Sunday afternoon, the president argued after his latest golf outing, “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!” (He was referring to an Iranian nuclear threat that he has claimed to have “obliterated” last summer.)....
“Yesterday, my administration announced decisive action to help keep down the oil prices,” he declared. Moments later, he went on to say that oil prices “have pretty much stabilized.”
Right around the time Trump made those comments, oil prices were roughly $80 a barrel. They topped $100 soon after.
So here are the questions for the communications team in the West Wing: (1) Was the administration’s “decisive action to help keep down the oil prices” a failure? (2) Does the president know what “stabilized” means?