After spending months denying and downplaying the fact that gas and diesel prices have become more expensive, Donald Trump finally conceded Monday. The only catch to his admission: The rising price tag is definitely not his fault.
Instead, Trump blamed the sky-high prices on Ukraine, claiming that its recent attacks on Russian oil refineries had aggrieved the global oil market. (It’s worth noting that Ukraine would likely stop attacking Russian infrastructure if Trump’s buddy Russian President Vladimir Putin stopped invading Ukraine.) Trump also wagged a finger at “Blue States like California” that are trying to veer away from fossil fuels in favor of renewable energy sources.
But American wallets are still hurting. The price of oil and gas has gone up exponentially since the start of the Iran war and the subsequent closure of the Strait of Hormuz. In early February, weeks before the Trump administration initiated the conflict, gas cost approximately $2.99 per gallon. Today, a gallon costs $4.36 on average, according to the AAA fuel price tracker.
Collectively, Americans have spent $107 billion more on gas and oil since the war began seven months ago, according to an analysis by the Climate Solutions Lab at Brown University published last month.
Consumers have spent roughly $59 billion more on gas and $48.6 billion more on diesel, according to the university’s tracker. That breaks down to an increased price tag of approximately $822.20 per U.S. household.
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