The Gas-Tax Reckoning

Americans have paid $59 billion in inflated fuel prices since Trump started Iran war

U.S. households have absorbed $59 billion in additional fuel costs since the start of the Iran conflict, averaging $450 each, with pump prices up nearly 40% year-over-year to $4.39/gallon. Moody's and Goldman Sachs both flag the spending drag as a macro risk: if sustained, it will force consumer retrenchment and weigh on GDP growth through year-end.