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New Data Shows ND and MN Households Spent Hundreds More on Gas Since Start of Iran War
North Dakota households have paid $555 more each since the war began, while national gas costs rose $56.4 billion, committee data shows.
On Monday, the Senate Joint Economic Committee released data showing Americans paid $56.4 billion more for gas since the U.S. and Israel's war with Iran began on Feb. 28.
Instability along the Strait of Hormuz is pushing crude oil prices toward $80 per barrel, contributing to rising pump prices that reached $3.94 per gallon nationally on Thursday, July 16.
North Dakotans spent $172.9 million more on gas, averaging $555 per household, while Minnesotans paid $867 million more at $403 per household during the same period.
Democratic-NPL Chair Adam Goldwyn criticized President Donald Trump's energy policies, while Republican Senator Kevin Cramer defended the administration, citing record domestic production levels.
Senator John Hoeven stated the U.S. must hold Iran accountable, adding that North Dakota's Crack the Code 2.0 initiative aims to strengthen domestic energy and support price stability.