Kudlow Dismisses $4.391 Gas as Trump’s Iran War Lifts Inflation to 3.8%

4 articles · Updated · Media Matters for America · May 30

AAA put the U.S. average for regular gasoline at $4.391 a gallon on May 29 as Trump’s war with Iran and the Strait of Hormuz closure pushed up fuel costs.
Larry Kudlow called the higher prices a “small price to pay” and said the pain for Americans was temporary, repeatedly brushing off the economic hit.
BLS reported consumer prices rose 3.8% from a year earlier in April, extending the pressure beyond gasoline to broader inflation.
Kudlow had minimized the risk since March, saying a conflict lasting only four to six weeks would have little economic impact and later dismissing a roughly 50-cent jump in gasoline prices as “big deal.”

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