U.S. Households Face $100 Billion Extra Fuel Bill Since Iran Conflict
U.S. consumers have incurred roughly $100 billion in additional gasoline and diesel costs over the six months following the February 28 US-Israel war on Iran, averaging about $763 per household.
According to a tracker from Brown University's Watson Institute for International and Public Affairs, U.S. drivers have paid an extra $100 billion for gasoline and diesel since the US-Israel war on Iran began on February 28, averaging $763 per household among roughly 131 million homes. Gasoline prices have climbed 39 % from about $2.98 to $4.15 per gallon, while diesel surged more than 60 % from $3.67 to $5.90 per gallon.
President Donald Trump responded to rising prices by accusing oil companies of price gouging and stating, “If they rise, they rise.” State-by-state data show the highest pump prices on the West Coast, especially California at $5.85 per gallon, with Indiana offering the cheapest at $3.43. The surge in fuel costs is also driving up food prices, as oil touches every stage of the food supply chain. No diplomatic breakthrough has been reported as the conflict enters its sixth month.
Why it matters
Higher fuel costs strain household budgets and push up food prices, affecting everyday Americans.
In this story
