Iran War's Economic Impact on U.S.
Closing Strait of Hormuz caused oil prices to rise from under $70 to $100 per barrel.
Gasoline prices increased by 25%.
National average gas price up 80.0 cents from a month ago.
Gas price 66.1 cents higher than last year.
Five states near $4 a gallon.
War cost $12 billion in first two weeks.
Democrats and critics blasted Hassett's admission.
Sen. Elizabeth Warren called it 'the quiet part out loud'.
Republicans worry about midterm prospects and House majority.
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