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---
title: Trump dismisses rising gas prices as &quot;peanuts&quot;  | TIME
description: President Donald Trump managed to draw the ire of Democrat lawmakers after he dismissed soaring gas prices triggered by the Iran war.

&quot;This is peanuts,&quot; Trump said of the spike. &quot;I appreciate everybody putting up with it for a little while. It won’t be much longer.&quot;
He made the remarks Monday while touring press around the construction site of the White House ballroom, which is expected to cost around $400 million.
canonical: https://time.com/video/JswaOtav/
og:title: Trump dismisses rising gas prices as &quot;peanuts&quot; 
og:description: President Donald Trump managed to draw the ire of Democrat lawmakers after he dismissed soaring gas prices triggered by the Iran war.

&quot;This is peanuts,&quot; Trump said of the spike. &quot;I appreciate everybody putting up with it for a little while. It won’t be much longer.&quot;
He made the remarks Monday while touring press around the construction site of the White House ballroom, which is expected to cost around $400 million.
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twitter:card: summary_large_image
twitter:title: Trump dismisses rising gas prices as &quot;peanuts&quot; 
twitter:description: President Donald Trump managed to draw the ire of Democrat lawmakers after he dismissed soaring gas prices triggered by the Iran war.

&quot;This is peanuts,&quot; Trump said of the spike. &quot;I appreciate everybody putting up with it for a little while. It won’t be much longer.&quot;
He made the remarks Monday while touring press around the construction site of the White House ballroom, which is expected to cost around $400 million.
twitter:image: https://cdn.jwplayer.com/v2/media/JswaOtav/poster.jpg?width=720
---

* Politics

# Trump dismisses rising gas prices as "peanuts"

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<!-- video src="https://cdn.jwplayer.com/manifests/JswaOtav.m3u8" -->
## Video: Trump dismisses rising gas prices as "peanuts"

[Watch (HLS stream): Trump dismisses rising gas prices as "peanuts"](https://cdn.jwplayer.com/manifests/JswaOtav.m3u8) (0:48)

![Trump dismisses rising gas prices as "peanuts"](https://cdn.jwplayer.com/v2/media/JswaOtav/poster.jpg?width=720)

_Published 2026-05-20. President Donald Trump managed to draw the ire of Democrat lawmakers after he dismissed soaring gas prices triggered by the Iran war. "This is peanuts," Trump said of the spike. "I appreciate everybody putting up with it for a little while. It won’t be much longer." He made the remarks Monday while touring press around the construction site of the White House ballroom, which is expected to cost around $400 million._


---

May 20, 2026 5:01 PM UTC

---

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### President Trump Dismisses Russia Questions as Grand Jury Impaneled

---


## Transcript

Look, as soon as this war is over, gas is going to. You know, I had gasoline down to $1.85 in Iowa. I was in Iowa, and the stations had it at $1.85, but I was down to, in many cases, less than $2 a barrel, a gallon. And then I said to myself, this is great. We just hit a new high in the stock market. Everything's going good. I'm sorry, but we have to go down and take a little journey down to we have to do something with the rent. We cannot let them have a nuclear weapon. You want to see the world exploded. You want to see a problem. And this is peanuts. And I appreciate everybody putting up with it for a little while.

It won't be much longer, but you're going to have. And frankly, there is so much oil out there.

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