The U.S. War in Iran Hits the Pockets of Ordinary Americans 0 13

The U.S. operation against Iran has resulted in rising fuel prices for Americans. This was reported by USA TODAY.

It turned out that on March 3, gasoline in the country averaged $3.10, while a week earlier it was $2.97. However, on March 4, its price had already risen to $3.19. According to analysts, the continuation of the war with Iran will lead to an increase in fuel costs by another 20-30 percent per gallon (1 U.S. gallon = 3.78 liters). This will be attributed to both supply issues and overall global uncertainty.

The publication reminded that U.S. President Donald Trump has repeatedly cited the decrease in gasoline prices as proof of the effectiveness of his economic policy after he replaced Joe Biden as head of state. However, analysts from the fuel price tracking service GasBuddy believe that after the attack on Iran, average national gasoline prices will gradually rise above three dollars per gallon. The average national price for diesel fuel has already risen to $4.03 compared to $3.74 the previous week.

All of this means that Americans will spend more money on commuting, vacations, and personal errands. Additionally, prices for food and other goods delivered to homes will rise. Profits for airlines, freight carriers, and other industries dependent on transportation will decline.