Americans have spent an extra $8 billion in gasoline since the start of Iran war [View all]
Americans are paying a growing premium at the pump.
Gasoline prices hovered at $3.99 per gallon on Monday, their highest level since 2022, according to AAA data. The national average at the pump has risen by more than $1 over the past month as shipping through the Strait of Hormuz, a crucial oil passage, remains nearly at a standstill.
"The situation remains highly volatile and unpredictable, but upward pressure on fuel prices is likely to persist as long as global oil supplies are constrained by the continued disruption in the Strait," Patrick De Haan, head of petroleum analysis at GasBuddy, said in a note.
"Rough calculations show Americans collectively have spent ~$8 billion more on gasoline in the last month since the U.S. attacked Iran, a number that will surpass $10 billion in the days ahead," he said.
https://finance.yahoo.com/news/americans-have-spent-an-extra-8-billion-in-gasoline-since-the-start-of-iran-war-150856922.html
We're getting rich!!! - Lindsey Graham.
= new reply since forum marked as read