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 Independent
The Independent (US)Iran War is costing Americans $100B in extra energy costs
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War Has Cost Consumers $100B In Higher Fuel Costs
Axios reports: The war in Iran has now cost U.S. consumers $100 billion in higher energy prices, and the bill is rising another $1 million about every two minutes, per a real-time estimate from Brown University as of Monday morning. Energy inflation shows up across the entire economy, and the recent surge in diesel prices … The post War Has Cost Consumers $100B In Higher Fuel Costs appeared first on Joe.My.God..
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