In February 2026, gas prices in the United States were down 7.3% since President Donald Trump took office, with annual inflation at 2.4%. However, following the start of a war with Iran and the closure of the Strait of Hormuz, gas prices rose sharply by 29% within two months. This data comes from the Reason Sindex and the Bureau of Labor Statistics' latest figures from April 2026.
While the conflict caused widespread price increases across the economy, some goods like sugar and sweets saw a slight decrease in price by 1.7% since February. The war has notably impacted fuel costs and contributed to broader economic disruptions.
Sources: Reason, Bureau of Labor Statistics
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