Record Diesel Prices Expose Costs of Prolonged U.S. Conflict With Iran
Brown University researchers said diesel shortages and higher gasoline prices have pushed nationwide extra fuel costs to about $100 billion.
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7 Articles
Iran war costs US households $860 more in higher energy prices, economist says
The Iran war has cost U.S. households an extra $860 each in higher gasoline, diesel and jet fuel prices, Moody's Analytics economist Mark Zandi says.
Record Diesel Prices Expose Costs of Prolonged U.S. Conflict With Iran
U.S. diesel prices have shattered records at $5.90 per gallon amid the ongoing conflict with Iran, adding over $100 billion in energy costs for Americans. The surge ripples through trucking, farming, and consumer goods while pressuring the Trump administration ahead of midterms. Supply disruptions and refining constraints show little sign of easing soon.
Iran War Has Added More Than $760 To The Average U.S. Household's Energy Bill. Diesel Is Driving The Increase.
Brown University researchers estimated that Americans had spent roughly $100 billion more on gasoline and diesel since the conflict began in February.
Increased risks in the Strait of Hormuz due to the US/Israel-Iran conflict, Ukraine's attacks on Russian refineries, and Moscow's restrictions on fuel exports have heightened concerns about the global supply of petroleum products, putting upward pressure on gasoline and diesel prices and raising refinery margins.
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