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MAGA financial pundit Eric Bolling revealed that President Donald Trump's Wednesday night address to the nation had likely "triggered" a 60-cent spike in gas prices.

During a Thursday interview on the War Room podcast, Bolling said he had been giving MAGA influencer Steve Bannon updates on the oil market as Trump was speaking about the war in Iran.

Bolling noted that oil was trading at "$98 a barrel" before Trump started speaking.

"It really didn't move very much during the speech. I kept updating you. When he talked about the part where he said, we're going to send them back to the Stone Ages, I think that triggered something because that's really where it started to tick up to $99 a barrel, $100 a barrel," he recalled. "When he finished, I think traders were hoping to hear some sort of legitimate off-ramp, and it just spiked 101, 101, 102, 103, 105, 107, 108 or so."

"This morning I got up, Steve, and I was just shocked. $11, $12 a barrel, that's $13, $14 a barrel higher," he said. "Unfortunately, that turns into about a 60, 70 cent move up on the pump price just on the overnight alone, what it did overnight."