| Iran war’s energy bill: $100B and rising |
Illustration: Sarah Grillo/Axios. Stock: Getty ImagesThe war with Iran has now cost U.S. consumers $100 billion in higher energy prices, Axios’ Ben Berkowitz writes from a real-time Brown University estimate.The bill is rising another $1 million about every two minutes. 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 $760 since the war began Feb. 28. (Latest numbers.)Most of that is gas, though the diesel burden is rising faster lately. Stunning stat: The average national price of a gallon of regular gas was $4.15 today, per AAA.That’s nearly a dollar higher than last year, and well above the previous Labor Day weekend record of $3.82 from 2012. President Trump insists Americans are willing to pay higher prices to keep Iran from having a nuclear weapon. Yet voters consistently say inflation is the most important issue. Go deeper. |
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Illustration: Sarah Grillo/Axios. Stock: Getty ImagesThe war with Iran has now cost U.S. consumers $100 billion in higher energy prices, Axios’ Ben Berkowitz writes from a real-time Brown University estimate.
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 $760 since the war began Feb. 28.
President Trump insists Americans are willing to pay higher prices to keep Iran from having a nuclear weapon. Yet voters consistently say inflation is the most important issue.