Trump says fuel prices are 'not very high, relatively speaking.' Is he right?

 President Donald Trump said fuel prices are “not very high, relatively speaking,” though the ongoing Iran war has spiked the cost of gas and some Americans have grown impatient with the Trump administration's handling of the conflict.

The president's comments, which he made to reporters earlier this week, come after a new Reuters/Ipsos poll shows 60% of Americans disapprove of U.S. military strikes against Iran – and a majority expect gas prices will continue rising.

As of June 10, the average price per gallon for regular gasoline was $4.15, down from $4.26 the week before, and down from $4.52 the month prior, according to AAA. This time last year, it was $3.12.

Blockades in the Strait of Hormuz have limited the global oil supply. Since the conflict began, regular gasoline costs are up nearly 40%. In May, gas prices shot up 7% following a 5.4% rise in April and a 21.2% surge in March, according to Labor Department data released June 10.

"The numbers were great,” Trump told reporters reacting to the Consumer Price Index report which showed annual inflation climbed to 4.2% in May. “I love the inflation. You know why?"

Trump then said the United States has been "taking out millions of barrels of oil" from Iran, adding those efforts are aimed at helping to bring down fuel prices.