Iran war drives $100 billion in extra energy costs for U.S. consumers
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The war in Iran has cost U.S. consumers $100 billion in higher energy prices, with the bill rising approximately $1 million every two minutes, according to a real-time tracker from Brown University. Consumers are expected to face prolonged periods of elevated fuel prices in the coming weeks and months.
Iran war drives $100 billion in extra energy costs for U.S. consumers
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21 mins ago - Economy
Iran war drives $100 billion in extra energy costs for U.S. consumers
* Ben Berkowitz
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!Illustration of a gasoline price sign with symbols indicating swear words as the listed prices.
*Illustration: Aïda Amer/Axios. Stock: Getty Images*
The war in Iran has now cost U.S. consumers $100 billion in higher energy prices, and the bill is rising another $1 million about every two minutes, per a real-time estimate from Brown University as of Monday morning.
**Why it matters**: Energy inflation shows up across the entire economy, and the recent surge in diesel prices in particular threatens to have a dramatic impact on freight and travel in the weeks and months to come.
**By the numbers**: The Iran War Energy Cost Tracker from Brown's Watson School says higher gasoline and diesel prices have cost the average U.S. household more than $760since the war began Feb. 28.
* Most of that is gas, though the diesel burden is rising faster of late.
* On Friday, diesel hit an all-time record high, and it's continued to rise every day since. As of Monday morning it's at $5.90 a gallon, per AAA, up about 60% from a year ago.
**Between the lines:** Texas has borne the biggest share, with consumers paying around $11 billion in extra gas and diesel costs since the war began in late February, per the tracker.
* California and Florida are next, at about $8 billion and $5 billion, respectively.
**The big picture**: President Trump insists Americans are willing to pay higher prices to keep Iran from having a nuclear weapon.
* Yet voters consistently say inflation is their most important issue, and on that subject they give the president substantial negative marks.
**What we're watching:** There's still a great deal of uncertainty over how much oil is getting out of the Middle East, which will impact fuel prices in the coming weeks and months.
* The war in Ukraine is also having a significant effect, as Ukrainian attacks on Russian energy infrastructure move global markets, particularly for diesel.
**The bottom line:** Consumers are in for a longer period of higher fuel prices than anyone expected when the war began.
* With less than two months until the midterm elections, it'll be hard to temper their anger.
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21 mins ago - Economy
Iran war drives $100 billion in extra energy costs for U.S. consumers
* Ben Berkowitz
*
*
*
Add Axios on Google
Add Axios as your preferred source to
see more of our stories on Google.
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!Illustration of a gasoline price sign with symbols indicating swear words as the listed prices.
*Illustration: Aïda Amer/Axios. Stock: Getty Images*
The war in Iran has now cost U.S. consumers $100 billion in higher energy prices, and the bill is rising another $1 million about every two minutes, per a real-time estimate from Brown University as of Monday morning.
**Why it matters**: Energy inflation shows up across the entire economy, and the recent surge in diesel prices in particular threatens to have a dramatic impact on freight and travel in the weeks and months to come.
**By the numbers**: The Iran War Energy Cost Tracker from Brown's Watson School says higher gasoline and diesel prices have cost the average U.S. household more than $760since the war began Feb. 28.
* Most of that is gas, though the diesel burden is rising faster of late.
* On Friday, diesel hit an all-time record high, and it's continued to rise every day since. As of Monday morning it's at $5.90 a gallon, per AAA, up about 60% from a year ago.
**Between the lines:** Texas has borne the biggest share, with consumers paying around $11 billion in extra gas and diesel costs since the war began in late February, per the tracker.
* California and Florida are next, at about $8 billion and $5 billion, respectively.
**The big picture**: President Trump insists Americans are willing to pay higher prices to keep Iran from having a nuclear weapon.
* Yet voters consistently say inflation is their most important issue, and on that subject they give the president substantial negative marks.
**What we're watching:** There's still a great deal of uncertainty over how much oil is getting out of the Middle East, which will impact fuel prices in the coming weeks and months.
* The war in Ukraine is also having a significant effect, as Ukrainian attacks on Russian energy infrastructure move global markets, particularly for diesel.
**The bottom line:** Consumers are in for a longer period of higher fuel prices than anyone expected when the war began.
* With less than two months until the midterm elections, it'll be hard to temper their anger.
*
*
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What to read next
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Axios Media Inc., 2026
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Tags:#إيران#الطاقة#التضخم#الاقتصاد الأمريكي#أسعار الوقود#السياسة الخارجية
Source: Axios
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