US Bears Heaviest Burden From Iran War Fuel Spikes
A new study reveals that US consumers have paid an average of 471 dollars more for fuel since the war with Iran began. Reliance on less efficient vehicles and slower EV adoption drove the higher costs.
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United States consumers have paid an average of $471 more for fuel since the war with Iran began on February 28, outpacing costs globally. That compares to a global average increase of $60 per person amid supply disruptions and the blockade of the Strait of Hormuz. The extra expenses highlight vulnerabilities in American transport infrastructure as energy costs ripple through the broader economy.
