As gas prices stay high, Trump brags of oil profits and claims rallies "turned the whole thing around"

Perry, Georgia - President Donald Trump is facing criticism after he bragged about the oil industry making unprecedented amounts of money as Americans are paying high gas prices due to the Iran war, though he claimed gas prices are lower now than they were under former President Joe Biden and former President Barack Obama.

President Donald Trump points as he walks on stage at a midterm election campaign rally at Guardian Centers of Georgia in Perry, Georgia, on October 24, 2026. In a recent speech, President Trump bragged that oil executives have been making billions as Americans continue to pay high gas prices at the pump.   © BRENDAN SMIALOWSKI / AFP

On Saturday night, the president delivered a speech at a rally to support Georgia Senate candidate Mike Rogers, during which he revealed something members of his administration advised against sharing.

"Our country is making hundreds of billions of dollars because of what we're doing in the Middle East," Trump boasted.

"And then on top of it," he continued, "we have Venezuela, and we have Greenland! 'Cause Greenland has a lot of oil. So we're making hundreds and hundreds, trillions of dollars."

Obama scorches MAGA in campaign trail debut while Trump hits back: "Two years of chaos and cruelty"
Barack Obama Obama scorches MAGA in campaign trail debut while Trump hits back: "Two years of chaos and cruelty"

He went on to reveal that two members of his time told him, "Please don't mention that, sir, because people are paying a little higher," as gas prices have spiked in recent months, with diesel reaching a historic high.

Trump insisted the high prices – which he falsely claimed are lower than they were under his Democratic predecessors Barack Obama and Joe Biden – will soon "come way down," but insisted on telling the crowd "very gingerly, very softly" that "we're making a frickin' fortune!"

The president's remarks came a week and a half ahead of the midterm elections, in which Republicans are fighting to maintain their majority hold on the House and Senate.

Despite his historically low approval ratings, Trump appears convinced his party will come out victorious.

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When asked on Sunday what he believes is the top issue for voters heading into the elections, Trump couldn't answer, but insisted voters are saying Republicans have "turned the whole thing around" with their rallies.