CNN delivers Trump 'tough news' as report shows largest gas price hike in six decades

Leading the price hikes was gasoline, which had jumped in March by a staggering 21.2.“Three quarters of the monthly increase in prices was driven by the fact that gas prices skyrocketed by 21 month-over-month,” Egan said. “That's the most since they started tracking this back in 1967 when [former President Lyndon B. Johnson] was in the White House!”While the costs of other goods like groceries and airfare were largely unchanged between February and March, Egan warned that experts have projected that to be short-lived as the trade through the Strait of Hormuz – a critical shipping channel through which significant shares of the world’s oil and fertilizer flow – remains disrupted as a result of Trump’s war against Iran.“The war is clearly making life more expensive for Americans, and this is likely not over,” Egan said. “This is not just a March story, we're going to continue to see the impact of the war in the inflation reports going forward, which just means the cost of living is likely to get worse.”“Tough news this morning,” CNN’s Kate Bolduan added.Gas prices skyrocketed by 21 between February and March, the single-highest month-over-month increase since they started tracking this back in 1967 when LBJ was in the White House. pic.twitter.com/a8hTcZo1cq— Alexander Willis (@ReporterWillis) April 10, 2026