The oil shock of the war for America is 3 times that of China The war with Iran continues to put heavy pressure on the pockets of the Americans, and according to new data, the increase in fuel costs suffered by American consumers is more than the citizens of any other country in the world. Meanwhile, US President Donald Trump says the costs of the war will eventually be offset by economic prosperity, but his administration's policies could lead to a worsening of that problem. American consumers have spent an average of $471 more on gas since the war with Iran began in February, nearly eight times the global average increase in per capita energy costs of about $60, according to a report released Monday by the Center for Clean Air and Energy Research (CREA), a nonprofit research institute based in Finland. On a national scale, America has paid a total of $160 billion in additional fuel costs since the start of the war. China is next with $54 billion and Canada is third with $17 billion. - Link.

The oil shock of the war for America is 3 times that of China The war with Iran continues to put heavy pressure on the pockets of the Americans, and according to new data, the increase in fuel costs suffered by American consumers is more than the citizens of any other country in the world. Meanwhile, US President Donald Trump says the costs of the war will eventually be offset by economic prosperity, but his administration's policies could lead to a worsening of that problem. American consumers have spent an average of $471 more on gas since the war with Iran began in February, nearly eight times the global average increase in per capita energy costs of about $60, according to a report released Monday by the Center for Clean Air and Energy Research (CREA), a nonprofit research institute based in Finland. On a national scale, America has paid a total of $160 billion in additional fuel costs since the start of the war. China is next with $54 billion and Canada is third with $17 billion. - Link.