Gas Prices Expected to Hit $4 Per Gallon Thanks to Trump’s War in Iran

Gas prices have skyrocketed at the fastest pace since Hurricane Katrina 

Washington, DC — The national average cost of gasoline is expected to surpass $4 per gallon this afternoon, after skyrocketing at the fastest pace since 2005, thanks to Donald Trump’s war of choice in Iran. Just 8 months before his party faces a major test in the November midterms, Trump is hemorrhaging support from voters, with a recent Yahoo/YouGov poll showing that 66% of Americans disapprove of his handling of gas prices. Trump has said that soaring gas prices are a “very small price to pay” and called anyone who is concerned about them a “fool.” 

It’s not just prices at the pump that are surging — everything from groceries to plane tickets will be more expensive because of Trump’s war. The higher costs come as Trump and Republicans have already kickstarted an energy affordability crisis by taking clean energy options off the grid as demand soars, spiking utility bills by as much as 13%.

Climate Power Senior Advisor Jesse Lee issued the following statement: “In Trump’s economy, gas prices are surging to multi-year highs and utility bills are soaring, but he is telling Americans who are facing an affordability crisis that he created to quit whining because the war he started is ‘far more important.’ With just eight months until the midterm elections, Republicans should see flashing warning signs everywhere they look. Americans have had enough of their broken promises and cost-raising agenda.” 

Trump’s war of choice in Iran is raising costs on everything from groceries to plane tickets: 

• Average gas prices rose by 32% to $3.92 per gallon on March 23, up 95 cents since the war began. 
• Gas prices rose to just under $3.72 a gallon on March 16, the highest since October 7, 2023. The 26.9% increase in gas prices over a month is the largest monthly increase since Hurricane Katrina.
• Americans spend roughly $3.7 million more per day for every one-cent increase in the national average price of gas, and as of March 19, higher gas and diesel prices were costing Americans half a billion dollars more every day.
• As of March 18, Americans had spent over $3 billion more on gas since the start of the war.
• Americans are spending $379 million more on gasoline than they did a month ago, with the 21-day impact costing consumers $4.84 billion at the gas pump. 
• High oil prices will worsen inflation, with some analysts projecting that inflation will surpass 3% if WTI settles around $75 per barrel.
• High diesel prices could raise the cost of everything from food to furniture, as the fuel is used to transport freight, manufacture goods, and support agriculture. 
• Jet fuel prices have also surged, rising 12.6% during the week of March 20, up 105% from the prior month’s average.