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Here's how much Trump's Iran war has added to Americans' fuel costs

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Here's how much Trump's Iran war has added to Americans' fuel costs

As the conflict roils gasoline and diesel markets, the U.S. has seen a higher per-person cost increase than any other country, a new analysis finds.

See more from Canary Media’s ​“Chart of the Week” column.

Donald Trump ran for his second term promising to ​“make America affordable again.” Two years later, the president’s war with Iran has his constituents paying through the nose for gasoline and diesel.

In fact, per-person fuel costs have risen more in the U.S. than in any other country since the start of the conflict, according to a new analysis from the Finland-based Centre for Research on Energy and Clean Air, or CREA. 

The group calculates that between March 1 — the day after the U.S. and Israel made their initial strikes on Iran — and Oct. 14, gasoline and diesel costs in the U.S. were $160 billion higher than they would have been otherwise. That comes out to an extra $471 per person. CREA used fuel prices from January and February as a baseline to calculate the increases. 

Why are Americans paying so much more? It’s not because fuel prices have jumped more here; our price increases are similar to those in other market economies, CREA says. It’s because we guzzle a huge amount of gas in our personal vehicles.

S. consumers … use so much oil, leaving them exposed to price shocks they can’t control,” CREA co-founder Lauri Myllyvirta said in a press release .



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