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Iran war drives $100 billion in extra energy costs for U.S. consumers: Axios
Brown University's tracker shows the Iran conflict cost U.S. consumers $100 billion, average households paying over $760 from rising gas and record diesel prices.
- President Donald Trump's ongoing conflict involving Iran has cost Americans $100 billion in higher energy prices, according to the Iran War Energy Cost Tracker from Brown University's Watson School.
- Diesel hit a record $5.90 a gallon on Monday morning, up 60% from a year ago, with the financial burden rising $1 million every two minutes, per Axios.
- Texas consumers have paid around $11 billion in extra costs since the war began on Feb 28, while California and Florida follow at about $8 billion and $5 billion, respectively.
- The average household of Americans has paid more than $760 in higher fuel prices since Feb, while voters consistently rank inflation as their most important issue.
- With less than two months until midterm elections, tempering voter anger proves difficult even as President Trump insists Americans are willing to pay higher prices to stop Iran from obtaining nuclear weapons.
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THE WAR WITH IRAN has created a huge financial burden for American consumers, driving up gasoline and diesel prices to record levels. This is costing households hundreds of dollars more and further fueling inflation.
·Zagreb, Croatia
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Data monitored by the Watson Institute of International and Public Affairs at the American University of Brown show that consumers have spent more than $100 billion on diesel and car gasoline since the outbreak of the war.
Coverage Details
Total News Sources68
Leaning Left14Leaning Right4Center14Last UpdatedBias Distribution44% Left, 44% Center
Bias Distribution
- 44% of the sources lean Left, 44% of the sources are Center
44% Center
L 44%
C 44%
12%
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