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Brown University analysis shows Americans have paid over $94 billion extra for gas and diesel since the Iran war began.

Americans have paid more than $94 billion in additional costs for gas and diesel since the Iran war began in February. An analysis by Brown University shows that the conflict has disrupted global oil markets, particularly through the Strait of Hormuz, which carries approximately 20% of the world's oil. In Georgia, the war has resulted in an extra $1.41 billion spent on gasoline, with each household spending roughly $352 more than usual. Diesel prices have seen even more dramatic increases, with commercial drivers spending an extra $1.09 billion in the state. Experts note that while alternate export routes have helped mitigate some shortages, the instability in the Middle East continues to have a global impact on fuel prices. In New York, the conflict has contributed to persistent inflation and higher costs for the trucking industry and home heating-oil customers. While seasonal demand and refinery operations also influence prices, the disruption in the Strait of Hormuz remains a significant factor in the other costs consumers face at the pump.

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