You’ve probably noticed at the pumps that the price of gas has been creeping back up. The average price of a gallon of regular is $2.74, which is about 32 cents higher than a year ago. The rise is largely due to a deal by OPEC to restrict oil output to try to force the price of crude back up, although there are some other secondary factors, such as geopolitical tensions with Russia and Iran, and a steep drop in Venezuelan oil production (the miracle of socialism!) The cost of a barrel of Brent crude is up to $73, and OPEC hopes to get it to $80 to $100.

But President Trump served notice yesterday that OPEC no longer controls the oil market. He tweeted, “Looks like OPEC is at it again. With record amounts of Oil all over the place, including the fully loaded ships at sea, Oil prices are artificially Very High! No good and will not be accepted!” Behold the power of a Trump tweet: the price of Brent crude immediately dropped by three-quarters of a percentage point.

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Trump has been removing many Obama-era restrictions on the domestic energy industry, with US oil production expected to surpass 12 million barrels a day by 2019, making the US the world’s top oil producer, which should put a big damper on OPEC’s ability to manipulate prices. In 2012, President Obama again displayed his enviable talent for saying patently absurd things in a way that makes them sound like unquestionable wisdom when he declared that “We can’t just drill our way to lower gas prices.” At that time, the average price of a gallon of gas was $3.64 ($3.80 in today’s dollars.) So to answer Obama’s quote with another of his quotes: “Yes, we can!”




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Comments 1-13 of 13

  • James R Patterson

    05/03/2018 03:10 PM

    I agree, I'm very proud to have Voted For Mr. Trump. He has done more for the American People in a Year Then Obama did in 2 full terms, I am afraid of the up coming mid terms, We can not let the Democrats take control of Congress and the House, It is not to Early to talk it up, Don't be part of a silent Majority get out and Vote and Take a non-Voter with you, Don't relax Their whole Agenda is to get Control and impeach the greatest President since Reagan

  • Tim Mainord

    04/25/2018 08:21 PM

    How nice that we have a President who isn't owned by anyone. We have enough domestic oil to take care of our own needs allowing us to stabilize oil and gas prices. Will OPEC hate us for doing it? Of course, but it's America first.

  • Marjorie Goodman

    04/24/2018 12:20 PM

    MS 13 ... what can we do? Declare them a terrorist group?

  • Ed Gould

    04/24/2018 10:55 AM

    I am so proud of voting for this man. I honestly believe God has put him in this position at this time in these times of trouble. He will go down as one of the greatest President of all time. He seams fearless as he deals with all the Liberal political baloney. God bless you and yours Governor and God bless America.

  • Steve C. Decker

    04/24/2018 10:13 AM

    OPEC, in the age of Trump, must not...WILL NOT..., with undoubted abundance of crude on the market, be allowed to perpetuate the lie that is exorbitant artificial pricing. Tariffs on oil imports, punitive tariffs on goods imports from OPEC nations into the United States, threats of sanctions and trade wars, and enhanced oil production by the United States are measures which can be used by this President to inject some sense into greedy OPEC countries whose only revenue stream comes from artificially created high oil prices and whose interests lie only with benefits to their countries...irrespective of their disruptions in the economies of oil importing countries.

  • Ginny Stanley

    04/24/2018 10:04 AM

    We live in Southeastern Ohio and our gas prices jump as much as 25 cents per gallon per week in places. Currently at $2.79 per gal. I get so frustrated when I see how much profit the oil companies make per quarter. I’m not against making a profit but that’s ridiculous! Please Mr President, do something about this. Most common, blue collar voters own a vehicle or two. Lower gas prices would be such a savings for us.

  • Douglas Simmons

    04/24/2018 10:01 AM

    Thank you for always tell it like it is!

  • Misti Smith

    04/23/2018 09:15 PM

    We love President Trump!!! He will be the best President ever in history!

  • Sue

    04/23/2018 08:21 PM

    YES WE CAN!!!!!! Yeah for Trump Tweets!!!!

  • Carol Masslow

    04/23/2018 06:10 PM

    Thanks for giving us good information we can believe!

  • Russell Dail

    04/23/2018 05:24 PM

    Thanks for caring for our country. Have been a fan and follower of yours for ever. Keep up the great work.

  • Donna kelly

    04/23/2018 05:14 PM

    The president needs to check out the Gas prices in ILLINOIS we are being price gauged here for the past couple of months it have has continued to go up in price almost 3.00 a gallon here

  • Marilyn singer

    04/23/2018 04:51 PM

    I thought I was the only one who noticed. Thank you.