Americans Paid $8.4B Extra on Gas Since Iran War
Business & Finance News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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Show Notes
American drivers are paying a hefty price for the Iran war, shelling out an extra $8.4 billion on gas since February 28th. Gas prices have surged to a nationwide average of $4.06 per gallon, with popular vehicles like the Toyota RAV4 seeing a 35% increase in fuel costs. Despite initial resistance, consumer confidence is waning, and economists warn of a potential slowdown in spending and growth due to the gas price pinch. Texas, California, Florida, and North Carolina are among the states hit hardest, with drivers paying billions more at the pump. The administration predicts a short-term spike, but as tensions persist, keep a close eye on gas prices.
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