Americans Have Spent $41 Billion Extra On Gas Since Iran War Began As Inflation Pressures Spread Across Economy

Americans have spent more than $41 billion in additional fuel costs since the Iran conflict began in late February, as rising oil prices continue to ripple across the U.S. economy and pushing inflation higher.

According to estimates from Brown University’s Watson School of International and Public Affairs, U.S. consumers had spent roughly $41.7 billion in extra gasoline and diesel costs as of Sunday night, or about $318 per household.

The university’s Iran War Energy Cost Tracker, which uses AAA fuel-price data, showed national average gasoline prices climbed from $2.98 per gallon at the start of the conflict to $4.51, a jump of more than 51%. Diesel prices surged nearly 54% to $5.64 per gallon.

“We are spending this huge amount of money as a country on extra fuel costs, which we could have used in a whole bunch of more constructive ways to improve America’s transportation infrastructure,” Jeff Colgan, a political-science professor at Brown University, told the Financial Times.

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