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Americans have overpaid by more than $41 billion for fuel due to the war in Iran

Stanislav Sereda
Stanislav Sereda Journalist
Americans have overpaid by more than $41 billion for fuel due to the war in Iran
The US economy
Over the course of two and a half months of war in Iran, US residents have spent $41.5 billion more on fuel than they would have done had there been no conflict. The additional cost amounted to an average of $316 per household.

This is according to a study by the Watson School of International and Public Affairs at Brown University.

According to the study’s authors, the additional costs for American households averaged $316.

The researchers note that the rise in fuel prices has also affected the cost of transport, shipping and electricity generation.

The estimates are based on data from the American Automobile Association and the US Energy Information Administration. Analysts compared actual fuel prices with a projected scenario in which there would have been no war in Iran.

The hypothetical ‘no-war price’ was calculated based on pre-war prices and historical daily fluctuations in fuel costs.

The study also notes that the total additional costs to Americans exceed the cost of a number of major federal programmes. In particular, $41.5 billion could fully cover the programme to modernise more than 10,200 bridges in the US, announced in 2024.

Furthermore, this sum is greater than the estimated cost of upgrading the US air traffic control system, which stands at $31.5 billion, and is more than double the funding for federal programmes to develop charging infrastructure for electric vehicles and electrification, approved under President Joe Biden’s administration.

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