Higher Oil Prices Have Cost U.S. Consumers $45 Billion Since Iran War Began ...Middle East

As U.S. drivers face the highest Memorial Day gasoline prices in four years, American consumers are paying billions of dollars more on gas and diesel than they did a year ago.   The global oil supply shock, created by the Iran war and the closure of the Strait of Hormuz, is affecting Americans disproportionately. The lower-income households are being hit the most as their purchasing power is being eroded by $45 billion in extra costs on fuel compared to a year ago. At the other end of the spectrum, affluent Americans see their financial assets…

Hence then, the article about higher oil prices have cost u s consumers 45 billion since iran war began was published today ( Tuesday 19/05/2026 - 01:12 AM ) and is available on OILPRICE ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.

Read More Details
Finally We wish PressBee provided you with enough information of ( Higher Oil Prices Have Cost U.S. Consumers $45 Billion Since Iran War Began )

Also on site :

• China Burns More Coal and Gas as Wind and Nuclear Output Falls
• India's Oil Refiners Slated To Ride Out Disruptions After Russian Waiver Ends
• Aramco and Pasqal launch Saudi Arabia's first Quantum Computer and Middle East's first commercial Quantum Computing as a Service platform