🇺🇲🇮🇷 The Iran war is STILL costing Americans at the pump
Americans have paid ~$471 more per person in fuel costs since the war began in late February. That’s ~8 times the global average of $60.
Globally, the fuel bill has ballooned to $468 billion.
The U.S. accounts for $160 billion of that total, followed by China at $54 billion.
The White House argues higher fuel prices are a small price to pay to prevent Iran from acquiring nuclear weapons.
The false simplicity of the trade-off may make for a nice soundbite, but it’s useless without a clear endgame.
Source: Reuters
Americans have paid ~$471 more per person in fuel costs since the war began in late February. That’s ~8 times the global average of $60.
Globally, the fuel bill has ballooned to $468 billion.
The U.S. accounts for $160 billion of that total, followed by China at $54 billion.
The White House argues higher fuel prices are a small price to pay to prevent Iran from acquiring nuclear weapons.
The false simplicity of the trade-off may make for a nice soundbite, but it’s useless without a clear endgame.
Source: Reuters
