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Americans have spent $65 billion more on gas since the Iran War began
Brown University’s tracker says higher fuel prices have pushed gasoline, diesel and jet fuel costs up across the U.S. and strained household budgets.
Seven months into the war in Iran, Americans have spent an estimated $65 billion on gasoline since the conflict began, straining household budgets across the United States.
Attacks in the Strait of Hormuz and Bab el-Mandeb Strait have disrupted global oil supplies, forcing refineries to pay more for raw materials and ultimately raising consumer prices across fuel and goods.
Diesel prices have surged more than 75% over 212 days, while the National Energy Assistance Directors Association projects average household heating costs will reach $1,030 this winter.
Travelers face higher holiday airfares, with round-trip tickets costing $95 more than last year, as Airlines pass soaring jet fuel costs to consumers while reducing available flight capacity.
Despite Treasury Secretary Scott Bessent claiming Iran's economy is nearing collapse, Sen. Chris Coons argues "none of those have happened" on administration promises to reduce costs for average Americans.