From Boston to Denver, US drivers cut back as Iran war pushes fuel costs higher
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The ongoing war in Iran has led to a significant increase in fuel prices in the US, causing motorists to cut back on their driving habits. The surge in fuel prices has resulted in an estimated $10.4 billion increase in US gasoline and diesel spending this year, affecting not only individual consumers but also truckers and businesses.
US drivers are reducing their driving habits due to rising fuel costs caused by the Iran war. Average US gasoline prices have reached $4.16 a gallon, with diesel averaging $5.67. This has resulted in a significant increase in spending, with an estimated $10.4 billion more spent on gasoline and diesel this year. The price hike is affecting not only individual consumers but also truckers, with one Houston-based trucker seeing his weekly expenditures nearly double to $1,600-$1,700. The surge in fuel prices is expected to linger even after the US ends its military involvement in Iran. The economic pain caused by the price hike is likely to have political implications, with Americans' approval of President Trump crashing to new lows.
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