Trump’s War of Choice Pushes Inflation Above 4% For The First Time in Three Years 

Trump desperately tried to spin his failing presidency with a performative DOJ investigation into “gouging” at the pump after he cozied up to Big Oil

Washington, DC – Soaring gas prices thanks to Trump’s war of choice in Iran have spiked the Federal Reserve’s preferred inflation gauge to the highest level in three years. It comes after Trump suddenly decided yesterday to care about skyrocketing energy costs, after months of insisting that he doesn’t care about Americans’ financial situation. 

Trump has repeatedly downplayed and minimized the impacts of the global energy crisis that he created, but in reality, Americans have already spent $450 more per household on gas and energy because of Trump’s war in Iran. Now, these new inflation numbers are revealing the disastrous impacts of his reckless war — and the American people aren’t going to buy his spin. 

Climate Power Senior Advisor Jesse Lee issued the following statement: “With the midterms less than five months away and inflation spiking to the highest level in three years, Trump is desperately trying to gaslight Americans by claiming he has their back. Here’s the truth: Since day one, Trump has only had eyes for ballrooms, reflecting pools and his billionaire Big Oil buddies. He can try to pretend like he is putting American families first, but we all have the receipts – from the gas station to the grocery store – and they tell a different story.” 

Donald Trump and Republicans in Congress have made life more expensive for Americans with their reckless energy policies: 

• American consumers have spent more than $62 billion more at the pump because of Trump’s war of choice in Iran.
• Since Trump took office, household electric bills have risen 16% nationally. Trump’s war of choice in Iran is sending oil, diesel, and jet fuel prices skyrocketing – yet his priority is spending $2.5 billion in taxpayer dollars to stop homegrown clean energy production that would protect Americans from global oil shocks.
• Donald Trump and congressional Republicans started this energy crisis with their attacks on clean energy projects, and are now accelerating it with their war of choice in Iran. These canceled projects would have produced enough electricity to power the equivalent of 17 million homes. 
• Worries about energy costs are up by 10 percentage points since last year, the highest level since 2008, and tie housing as the second biggest affordability concern.