Iran War imposes additional US$100 billion energy cost burden on US citizens

New York City (ANTARA) - The war involving Iran has caused United States (US) consumers to bear additional energy costs estimated to reach US$100 billion (US$1 = Rp17,653), a figure that is increasing by approximately US$1 million every two minutes, according to real-time estimates from Brown University on Monday (7/9).

The Iran War Energy Cost Tracker from the Watson School at Brown University stated that rising petrol and diesel prices have caused the average US household to spend more than US$760 since the war began on 28 February.

According to the American Automobile Association, the national average diesel price in the US rose to a record US$5.90 per gallon on Monday, surpassing the previous record of US$5.85 recorded on Friday (4/9).

Texas is bearing the largest portion of these rising costs, with consumers paying approximately US$11 billion in additional petrol and diesel expenses since the war began. Texas is followed by California and Florida, at approximately US$8 billion and US$5 billion respectively.

According to the tracker, US consumers anticipate that the period of higher fuel prices will last longer than they initially expected when the war commenced.

The increase in costs has led to rising transportation expenses for various daily essential goods. A number of companies have even been passing these costs on to consumers in the form of additional surcharges.