Billionaire Trump’s War Is Hammering Americans as Gas Prices Skyrocket
The Daily Beast • • business
Key Points:
- A Reuters/Ipsos poll reveals that 55% of Americans say rising gas prices, driven by President Trump's conflict with Iran, have negatively impacted their household finances.
- Gas prices have surged approximately 30% since late February, rising from $2.90 to $3.90 per gallon, with 87% of respondents expecting further increases.
- President Trump's approval rating on economic management has dropped to 29%, with 63% disapproving amid growing concerns over affordability of essentials like housing, food, and healthcare.
- The escalation of tensions in the Middle East, including attacks on key gas fields and the closure of the Strait of Hormuz, has pushed Brent crude oil prices above $110 per barrel, significantly higher
