NEW: BP Profits More Than Double as Trump’s War of Choice Continues to Send Gas Prices Through the Roof 

Gas prices rose by 11 cents in one day yesterday, and Americans have spent $28 billion more on gasoline and diesel since the start of the war 

Trump is making good on his promise to do Big Oil’s bidding while Americans pay the price 

Washington, DC – Today, BP announced that its first-quarter profits have more than doubled from a year ago to $3.2 billion. Meanwhile, the national average price of gasoline experienced its sixth-largest daily rise, spiking to $4.17. BP’s profits have jumped by 108% since before the start of Trump’s war as Big Oil rakes in billions while American families continue paying the price with higher costs on everything from gasoline to airfare. 

On the campaign trail, Trump gathered Big Oil donors and offered them a deal if they donated a billion dollars to his campaign. Now, they’re reaping a potential $60 billion windfall from the “Trump Oil Shock,” generating more than $30 million in profit every hour. And it’s not just his war of choice in Iran — his attacks on clean energy investments and decimation of pollution protections have all been in service of Big Oil’s agenda, making way for massive windfalls for his wealthy oil donors. From the gas pump to utility bills, Trump’s energy policies are pinching the wallets of working families in order to pad the pockets of his ultra-wealthy pals.

Climate Power Communications Director Alex Glass issued the following statement: “Big Oil is gouging Americans at the pump and cashing in on the pain. As gas prices jumped 11 cents in one day, BP announced its profits more than doubled. Trump promised to lower costs — instead, he’s helping oil executives get richer while working families pay the price.”

Oil and gas companies are making billions while working families foot the bill with months of pain at the pump: 

• Trump’s war in Iran has already cost Americans $28 billion more at the pump.
  
• Gas prices have topped $4 per gallon, with the average American household expected to pay $740 more in gas this year.
  
• According to a CBS News poll, 51% of Americans said gas prices are posing a financial hardship or financial difficulty.
  
• The world’s top oil and gas companies made more than $30 million every hour in unearned profit during the first month of Trump’s war.
  
• The oil and gas industry gave $75 million to elect Trump.