Column graph and headline: New York Times, 10/30/2026
The war with Iran has been very lucrative for American oil companies, which have earned more than $130 billion in profit as people pay much higher prices for gasoline, diesel and other fuel.
That is a conservative estimate based on the performance of more than 50 large U.S. oil and gas companies, most of them producers or refiners, in the six months from April through September. It does not reflect profits earned in March, the first month of the war, or in October.
These companies earned less than $47 billion collectively during the same period in 2025, a challenging stretch when oil was cheaper and companies were navigating the early fallout from President Trump’s trade war.
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On Day 198 of War of Whimsy, experts say Trump deserves most of the blame for high diesel prices. (9/15)
On Day 186 of Trump War of Whimsy, the inmates are running the asylum now known as the Department of War. (9/1)August 2026
June-July 2026
May 2026
On Day 80 of Trump War of Whimsy, skyrocketing price of diesel fuel wreaks havoc on school budgets. (5/18)
Day 69: We learn how much Pete Hegseth isnt telling us about epically damaged U.S. military assets. (5/7)
Day 65: Iran War has cost American consumers more than $31 billion in extra fuel costs. (5/3)April 2026
Day 62: Price of oil spikes. (4/30)
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