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US Consumers Spend Additional $100 Billion on Fuel Amid Ongoing Conflict
US households have spent an additional $763 on fuel over the past six months due to rising prices linked to the ongoing US-Israel conflict with Iran, totaling an extra $100 billion in consumer spending. Petrol prices have increased by 39%, while diesel prices have surged over 60%. The impact of rising oil prices extends beyond fuel costs, affecting food prices and supply chains.
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US households have spent an additional $763 on fuel over the past six months due to rising prices linked to the ongoing US-Israel conflict with Iran, totaling an extra $100 billion in consumer spending. Petrol prices have increased by 39%, while diesel prices have surged over 60%. The impact of rising oil prices extends beyond fuel costs, affecting food prices and supply chains.
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