Since the start of the war, Americans have spent an extra $33 billion on gasoline, according to a Brown University estimate. Gas prices have increased, which means higher monthly costs for drivers. Some people now pay between $20 and $300 more each month, depending on how often they fill up their tanks.
To see how much additional money you may have spent on fuel since the war began, you can use a calculator that shows average gas prices in the U.S. The tool adjusts based on daily price changes. Since February 28, when the U.S. first attacked Iran, average gas prices have risen by 34%. Recently, a peace deal has raised hopes that the war might end soon.
In the week of May 11, gas prices reached an average of $4.63 per gallon, one of the highest rates in the last ten years. The last time prices were this high was in 2022, following Russia’s invasion of Ukraine.
In response to these rising costs, many Americans are driving less or filling up less often. A recent study found visits to gas stations in the U.S. dropped by 5% in May compared to the previous year. People are also changing their spending habits, expecting to spend more on transport and utilities but less on vacations and electronics.
Wyoming residents are feeling the worst effects, with gas prices rising over 50% since February, now averaging $4.70 per gallon. Utah and Wisconsin have also seen significant price increases, while Indiana’s gas prices have increased only slightly by 57 cents.
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