The Iran war is costing American households an additional $100 billion in energy costs according to Brown University.
American consumers are facing a $100 billion increase in energy costs linked to the war in Iran. According to a tracker from Brown University, the total cost is rising by approximately $1 million every two minutes, with the average household paying an additional $763 in gasoline and diesel costs since the conflict began in February. President Trump has defended the higher prices, stating that paying a small amount more for gasoline is worth the cost of preventing Iran from obtaining a nuclear weapon. He also promised that fuel prices will drop significantly once the war concludes. However, polling data indicates that a majority of Americans are dissatisfied with the cost of the war, with 69 percent of voters believing the conflict was not worth entering in the first place. Gasoline prices reached a national record for Labor Day weekend, while diesel prices hit a record high of $5.90 a gallon. Texas has experienced the largest financial burden, with consumers in the state paying an estimated $11 billion more for fuel since the start of the war.
Sources
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Trump’s Mind-Blowing Cost Crisis for Voters Exposed
thedailybeast.com
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Iran war: How US consumers spent an additional $100bn on fuel
Al Jazeera
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Iran War is costing Americans $100B in extra energy costs
The Independent