Trump downplays gas price surge as Iran war pushes oil above $100

President says US will ‘make a lot of money’ as conflict with Iran drives fuel costs higher for Americans Sign up for the Breaking News US email to get newsletter alerts in your inbox Donald Trump on Thursday shrugged off the economic toll the war in Iran is taking on gas prices across the United States, writing on social media that “when oil prices go up, we make a lot of money”. The president’s comment came as the American Automobile Association reports that the average price for a gallon of gas hit $3. 60, a week after the beginning of the US-Israel military operation against Iran prompted the largest price spike since the opening days of Russia’s invasion of Ukraine in 2022.