Iran conflict raises fuel costs by 107 billion
Fuel costs borne by American consumers have risen by approximately $107 billion since the start of the U.S. and Israeli attacks on Iran on February 28, due to rising oil and fuel prices caused by disruptions in the energy markets—particularly with oil prices surging from $61 to $118 per barrel and the average gallon of gasoline increasing to $3.99. This figure represents an additional economic burden on American households, with the average increase exceeding $750 per family. It reflects the costs resulting from higher prices compared to a scenario without conflict, and does not represent direct losses to the government.
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