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politics

The Sindex: Gas Prices Rose 29% in 2 Months After Trump Went to War With Iran

The Reason Sindex tracks the price of vice: smoking, drinking, snacking, traveling, and more.

Reason reporting 9 sentences analyzed 764 captured characters

In February, President Donald Trump might not have had red-hot economic numbers to point to, but at least he could say gas prices were down 7.3 percent since he took office and annual inflation was at just 2.4 percent.

Then Trump started a war with Iran, the Strait of Hormuz closed, and chaos engulfed a big chunk of the world economy.

In the two months after the war began, gas prices rose 29 percent.

Some items are resistant to war-induced price hikes, such as sugar and sweets (down 1.7 percent since February).

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