Trump Just Issued Bizarre, 3 Sentence Statement About Gas Prices: “I Told You So!”

He is a child.

577 points

Former President Donald Trump released a flurry of statements on Wednesday for his spokesperson Liz Harrington to tweet out to circumvent his Twitter ban. And something tells me that the twice-impeached one-term president didn’t read the article he linked to that explains precisely why gas prices are higher this year than they were last year.

Basically, it boils down to supply and demand. And anyone that blames a sitting president for gas prices doesn’t know what they’re talking about. The price of gasoline consists of four factors: taxes, distribution and marketing, the cost of refining, and crude oil prices — which are not determined by the president.

The link Trump linked to is from CNBC, and I guess the former president really got President Biden on this one, even though the article clearly explains the reason for rising gas prices.

“Demand for petroleum products plummeted in 2020 as the pandemic shut economies worldwide, prompting producers to turn off the taps,” the outlet reports. “Though demand has recovered as people hit the road and business activity picks up, supply has remained constrained. Producers have been slow to return barrels to the market, and Hurricane Ida exacerbated the supply and demand imbalance when it knocked production in the Gulf of Mexico offline.”

“In the face of rising oil prices, some thought the coalition of oil-producing nations known as OPEC+ would opt to increase output,” the report continues. “Instead, the group decided Monday to stick to a previously agreed upon schedule to return 400,000 barrels per day to the market in November.”

“Higher oil prices translates to higher gas prices for consumers, and Americans are paying more than $1 per gallon more than this time last year,” the report adds.

Still, Trump said, “I told you so!”

Twitter users gave him a wake-up call.

Excuse me; I need to get some aspirin after that.

Featured image via Gage Skidmore/Flickr, under Creative Commons license 2.0

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