WATCH: Trump exposes Joe Biden’s hypocrisy over Elon Musk

"Hate to say it, but we need to increase oil & gas output immediately," Musk said in a March 4 tweet. "Extraordinary times demand extraordinary measures."

In his speech, Trump called Musk "a guy that I like and respect" and "friend of mine." Although he "runs an electric car company," Trump noted, Musk is calling for an immediate increase in oil and gas output as prices at the pump skyrocket.

Trump said "Biden won't do it because he does not have the will to stand up to" progressive Rep. Alexandria Ocasio-Cortez, a high-profile "Squad" member.

"You know AOC? We call her AOC," mentioned Trump, as the massive conservative crowd erupted in boos upon hearing the New York lawmaker's name.

Rep. Jim Jordan also blamed Biden's passive leadership style in a Fox News interview Tuesday morning. Jordan slammed Biden for not standing up to Democrats on increasing US energy production and instead seeking outside alternatives. "And unfortunately, they have complete control of the Democrat Party and Joe Biden, I think, is afraid to stand up to them," Jordan said.

Earlier in the week, the House approved legislation Wednesday night that would ban Russian oil imports to the US in an effort to make restrictions announced by Biden into law. Biden had announced the proposed ban after critics accused the White House of enacting "soft sanctions" on Russia and "pussy-footing around."

Gas prices have soared across America. As of last Sunday, the national average jumped over $4 for the first time since 2008. In places like California, gas prices are breaking records at levels Americans have never witnessed before.

In response to the rapid increase, the Biden administration has blamed oil companies and Russian President Vladimir Putin, although skeptics have noted that gas prices were rising anyways because of post-pandemic supply chain issues.