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International Business Times
International Business Times
Business

Iran War Has Added More Than $760 To The Average U.S. Household's Energy Bill. Diesel Is Driving The Increase.

Gasoline and diesel prices have remained elevated as disruptions to crude supplies, refining capacity and shipping routes tighten global fuel markets. (Credit: Brandon Bell/Getty Images)

American households have paid more than $760 in additional gasoline and diesel costs since the Iran war began Feb. 28, according to an estimate from Brown University's Iran War Energy Cost Tracker. The nationwide increase had reached roughly $100 billion by Monday as fuel prices remained well above year-earlier levels.

The calculations use daily gasoline and diesel prices from AAA, consumption data from the U.S. Energy Information Administration and household data from the Census Bureau.

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