Fact-check · Nov 7, 2026 · Donald Trump
“We had a higher, oil price than we had before, still lower than Biden and still lower than Obama”
MISLEADING
What the record shows
WTI crude averaged $75.38/barrel in Trump's second term (2025-present), lower than Biden's $79 average but higher than Obama's $70 average (2013-16), per EIA data.
Claim correctly states prices lower than Biden but incorrectly claims they remain lower than Obama. Trump's current oil prices exceed Obama-era levels.
Sources
- Trump Shares Chart on Oil Prices Across Presidencies / X
- Gas prices under Trump 2.0 are now higher on average than during Biden’s 4 years in office
- Why Trump edges Biden on gas prices
- WLRN
- Fact check: Trump says gas prices are lower than under Biden and Obama
- Fact check: Trump says gas prices are lower than under Biden and Obama
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