Trump's Iran War Sends Gasoline To Biggest Monthly Surge Since 1967 — 6 Energy Stocks To Watch
American wallets felt the impact of the war in Iran on Friday after the March Consumer Price Index (CPI) report confirmed what drivers had already felt at the pump.
Gasoline prices posted their largest single-month increase since the Bureau of Labor Statistics first published the series in 1967, surging 21.2% in March as the conflict disrupted oil flows through the Strait of Hormuz.
That one number — gasoline — accounted for nearly three-quarters of the entire 0.9% monthly headline CPI increase, which is the steepest monthly jump since June 2022.
It is also the most direct measure yet of how a geopolitical shock 7,000 miles away is repricing life in the United States.
Chart: March Inflation Logs Highest Monthly Jump Since June 2022
From $2.98 To $4.15 – Trump Broke The Pump
On Feb. 26 —
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