Americans have shelled out $45B in extra fuel costs since Iran war — as $5 gas looms: researchers
Since the onset of the Iran war, Americans have incurred nearly $45 billion in additional fuel costs, with gasoline prices climbing significantly. The national average for regular gasoline has reached $4.55 per gallon, marking a 50% increase since late February. Analysts warn that prices could exceed $5 per gallon in the near future if the situation in the Strait of Hormuz does not improve.
- ▪Americans have spent approximately $44.9 billion in extra fuel costs since the Iran war began.
- ▪The national average for gasoline has risen to $4.55 per gallon, the highest pre-Memorial Day price since 2022.
- ▪Diesel prices have surged even more rapidly, with predictions that they could reach $6 or $7 per gallon soon.
Opening excerpt (first ~120 words) tap to expand
Business Americans have shelled out $45B in extra fuel costs since Iran war — as $5 gas looms: researchers By Ariel Zilber Published May 22, 2026, 11:16 a.m. ET See more of our coverage in your search results. Add The New York Post on Google Researchers say Americans have shelled out nearly $45 billion in extra fuel costs since the US and Israel launched their war on Iran in late February — and drivers are now staring down the barrel of $5-a-gallon gasoline heading into Memorial Day weekend. A Brown University tracker estimating the consumer impact of the conflict pegged the added burden on Americans at $44.9 billion as of Friday, reflecting soaring gas and diesel prices triggered by the disruption of global oil supplies and the blockade of the Strait of Hormuz.
…
Excerpt limited to ~120 words for fair-use compliance. The full article is at New York Post.
Discussion
0 commentsMore from New York Post
