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Yes, Today’s Gas Prices Are ‘Peanuts’

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Posted By: RockyTCB, 5/26/2026 11:16:42 AM

Democrats were quick to make hay of President Donald Trump’s remark that the high price of gasoline “is peanuts.” But what if he’s right? What if today’s prices are lower than they were, say, when we had a peanut farmer as president? Or many times since then? Democrats called Trump “out of touch” with everyday Americans. “’Peanuts’ isn’t how my constituents would describe the spiking gas prices that make everyday life more expensive,” said New Hampshire Sen. Jeanne Shaheen. “POTUS isn’t paying for this war. Middle-class Americans are, and he couldn’t care less.”

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Reply 1 - Posted by: red1066 5/26/2026 11:41:14 AM (No. 2108850)
The gas prices may be peanuts compared to the seventies or eighties, but I'm on Social Security getting about as much as I made back in the eighties. The only saving grace is that I don't drive all that much and only fill up about once every ten days or so. The real issue for U.S. drivers is that from what I've read, U.S. refineries can't use the oil that comes from the U.S. It's too good. The refineries need crappy oil from say Venezuela which is so loaded with impurities and sulfur It needs an extra refining process and it can be broken down into other refined products for trucks and planes.
3 people like this.

Reply 2 - Posted by: jimkata 5/26/2026 12:26:37 PM (No. 2108863)
I need a simple explanation: We are told we are now an exporter of oil. If so, why isn't the price of gas low.... say $2.00 a gallon? If the Saudis subsidies their oil for their people.... the oil they also export.... we should too.
5 people like this.

Reply 3 - Posted by: walcb 5/26/2026 12:45:01 PM (No. 2108870)
Don't overlook the key point of this article--inflation, everything costs more.
3 people like this.

Reply 4 - Posted by: JimBob 5/26/2026 12:46:28 PM (No. 2108872)
OK, L-Dotters (and 'Rat politicians!) Answer me This! WHAT would we be paying for gasoline if 'Heels-Up' Harris was President (and the Federal government was still being run by the Islamic Kenyan Zero and his lackeys)? Of course they would be telling us that WE are Evil, and we should all be driving electric cars made in China, using electricity generated by Chinese windmills and Chinese solar panels. (While THEY globetrot in private jets, of course, because they are 'Important'!)
6 people like this.

Reply 5 - Posted by: DVC 5/26/2026 1:01:35 PM (No. 2108878)
Since the dollar has been inflated to the LITERAL point that a dollar buys today what a dime bought in 1965, we divide current gas prices by 10 for the 1965 equivalent price. I bought my latest tank for $3.96 a gallon, so in 1965 that would have been 39 cents a gallon. That was high because we were actually paying about 20 to 25 cents a gallon then. I remember filling my VW tank (10.5 gallons when the car sputtered to a stop), so about 9 or 10 gallons of gas for a couple of $1 bills in 1968 and 1969. Then, the OPEC clowns stuck it to us, and the moron in charge, Nixon, set in place price controls and that blew up things seriously. By the 1975 time frame, gas was running about 40 cents a gallon, so that, when multiplied by 10 to account for government shrinking the dollar via inflation, compares to $4 a gallon gas today.
3 people like this.

Reply 6 - Posted by: DVC 5/26/2026 1:04:31 PM (No. 2108879)
Re #2. OK, suppose you are the owner of a few oil wells, like many farmers around me here in eastern KS. You can sell your oil on the international market for $90 a barrel, or you could sell it to someone for $45 a barrel. Gee, which price would you pick? Oil is an international commodity. If the price is XX in England, or wherever in the world, nobody is going to sell if for half of that value. Nobody is stupid. International prices for international commodities.
4 people like this.

Reply 7 - Posted by: Strike3 5/26/2026 3:36:54 PM (No. 2108933)
Trump is right, as usual. I wouldn't trade the worst day with Donald Trump at the helm for the best day with the Senile Serpent sitting in the Oval Office.
6 people like this.

Reply 8 - Posted by: Lala 5/26/2026 7:51:12 PM (No. 2109035)
Part of our problem, so I’ve heard, is that we don’t have enough refineries for the “sweet” crude oil that comes from here. So we have to sell it elsewhere.
1 person likes this.

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