Iran war adds 100 bln USD to U.S. consumers' energy costs
Summary
The Iran war has added an estimated $100 billion in energy costs for U.S. consumers, with the average household paying more than $760 extra since Feb. 28. Diesel prices hit a record $5.90 per gallon, and Texas, California and Florida have borne the biggest cost increases.
Key Points
- The Iran war has raised U.S. consumers’ energy costs by an estimated $100 billion, according to Brown University’s real-time tracker.
- The average U.S. household has paid more than $760 extra in gasoline and diesel costs since Feb. 28.
- Diesel prices reached a record $5.90 per gallon, according to the American Automobile Association.
- Texas has seen the largest increase in extra gas and diesel costs, followed by California and Florida.
