At a recent speech Donald Trump said "oil is less expensive now than it was under the Biden administration," adding that the U.S. has "taken a record amount of oil out of the Hormuz Strait." Critics pointed out the claim gives no benchmark, WTI, Brent, or pump prices, and noted visible retail gasoline prices seem to contradict it. Commenters reminded listeners that oil and gas briefly peaked in June 2022, citing a June 2022 pump price of $5.02 and WTI above $120. Other posts highlighted broader economic counters, saying GDP grew 2.8 percent in 2024 under Biden versus 1.5 percent now, national debt rose from $36 trillion in 2024 to more than $40 trillion, inflation moved from 3.1 percent in 2024 to 3.4 percent now, and the annual deficit is about 6 percent of GDP. Separate reporting noted the Trump administration's touted "biggest oil deal in world history" with Venezuela faces legal and logistical problems likely to sink the arrangement.