You cant take anything Trump says with a pinch of salt. The US heavily subsides ‘gas’ prices. A bit like his WALL which didnt happen or the Mexicans paid for it either. His best pal Musk may have a say in the EV subsidy…
Westetn Developed Nations act like a fiscal cartel, everything is manages, the US and the UK are both grossly indebted. The BofE just takes instructions from the US. Treasury regarding interest rates.
I used to do a gig in Algeria, production costs were 7 dollars/ barrel.