United States faces rising fuel costs amid Iran conflict

American consumers are experiencing significant financial pressure due to rising fuel prices driven by the conflict with Iran and the closure of the Strait of Hormuz. According to a study by the Centre for Research on Energy and Clean Air (CREA), the average American has seen fuel costs increase by $471 per person between March 1 and October 14.

The energy market disruptions caused by the war have resulted in a global surcost of $468 billion for gasoline and diesel. The United States bears more than one-third of this total cost. This impact is exacerbated by high per capita fuel consumption in the U.S., which is nearly five times higher than in the European Union.

Politically, the rising cost of living is creating friction for the Trump administration. Data indicates that prices have risen 5.4% during the first two years of his second term. A poll compiled by Nate Silver’s Silver Bulletin shows that 72% of Americans disapprove of the administration's management of inflation, a sentiment fueled by a 30% surge in oil and gasoline prices since March.