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

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.

Follow us on Telegram

Share tittle
Economy
More
Restrictions on petrol sales have been introduced in Moscow and St Petersburg
Economy
  • Important

Restrictions on petrol sales have been introduced in Moscow and St Petersburg

Petrol stations in Moscow and St Petersburg are introducing limits on the sale of petrol and diesel. The companies attribute these measures to market conditions and supply difficulties.

03.06.2026
Ukraine is entering the new season with substantial wheat stocks and a positive harvest forecast
Economy

Ukraine is entering the new season with substantial wheat stocks and a positive harvest forecast

The Ukrainian wheat market is starting the 2026/27 season with substantial carryover stocks and favourable forecasts for the upcoming harvest. Towards the end of the current marketing year, export activity picked up significantly, boosting market sentiment and trade expectations.

03.06.2026
Ukraine to receive equipment from Latvia to restore its thermal power plant – Svyrydenko
Economy

Ukraine to receive equipment from Latvia to restore its thermal power plant – Svyrydenko

The Head of the Government, Yulia Svyrydenko, noted that energy facilities remain one of the main targets of Russian attacks, particularly the latest one on 2 June.

03.06.2026
The tax authorities have uncovered a scheme to funnel nearly 200 billion hryvnias abroad via a network of high-risk companies
Economy

The tax authorities have uncovered a scheme to funnel nearly 200 billion hryvnias abroad via a network of high-risk companies

The State Tax Service has announced that it has uncovered evidence of a large-scale scheme to transfer funds abroad via more than 2,300 companies. The total value of foreign trade transactions carried out by these entities exceeded 198 billion hryvnias.

03.06.2026
Journalists have uncovered questionable assets belonging to the head of the Kyiv Regional Directorate of the State Security Service, who was appointed by Tsivinsky
Economy

Journalists have uncovered questionable assets belonging to the head of the Kyiv Regional Directorate of the State Security Service, who was appointed by Tsivinsky

Roman Lysakovsky, whom Oleksandr Tsyvinskyi recently appointed as acting head of the Kyiv regional office of the Economic Security Bureau, stated in his latest declaration that his wife—a dentist and owner of a dental practice in Ternopil—earned just over 60,000 UAH over the course of the year. However, she recently sold this practice, which was a successful business.

02.06.2026