The price of oil reached $1.85 during the Trump administration.
Posted by Badlands Media, Checked
- Sources
- 1 contradict2 support2 context
- Said
- 1 time·
- Confidence
- 60%
Badlands MediaOct 15, 2026
Read literally as a crude oil price per barrel, the claim is contradicted: the Reuters fact-check says crude fell to a low of $3.32 a barrel in April 2020, not $1.85.
What was said
… But the fact is, because of the price of oil, Texas and Oklahoma and North Dakota and all these places were making a fortune. But I never talk about it because I'm not happy until we get the actual price of the oil down to where it was. I had it down to $1.85, as I told you, $95.95, and we'll get it down to that number very quickly. But we will have an Iran with no nuclear weapon and no hope of ever having a nuclear weapon. And other presidents before me should have done this. It waited years and years. Remember when Barack Hussein Obama have you heard of him? Barack Hussein Obama. …
Badlands Media · · from the transcriptPost →What we found
Contradicts. Reuters reports the price of crude oil cratered to $3.32 a barrel in the week of April 24, 2020, so crude oil never reached $1.85 a barrel under Trump.[1]
Supports. Gasoline fell to a national average of $1.77 a gallon in April 2020, which is below $1.85, so pump prices did reach that level during Trump's first term.[1][4]
Supports. PolitiFact reports the lowest weekly average gasoline price under Trump was $1.87 a gallon in his first term, at the start of the COVID-19 pandemic, so the $1.85 figure is close to the recorded low.[2]
Context. Trump's own statement that he saw $1.85 gasoline in Iowa is his assertion, not independent evidence, and the post's '$1.85' appears to refer to gasoline rather than crude oil per barrel.[3][5]
Sources
5 sources: 3 fact-checkers, 1 tier 2, 1 not rated
- 1Post falsely claims price of oil was $25 a barrel when Trump left officereuters.com · fact-checker · cited for: contradicts, supports
- 2Trump's midterm rallies: A fact-checked guide to talking ...politifact.com · fact-checker · cited for: supports
- 3Trump on gas prices and energy costs since launching the ...apnews.com · fact-checker · cited for: context
- 4Gas under Trump 2.0 is now more expensive than it was ... - CNNcnn.com · tier 2 · cited for: supports
- 5In his own words: Trump on gas prices and energy costs since ...ksat.com · not rated · cited for: context
Where this claim was made
Said in 1 published post