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Rising Fuel Costs: Americans Spend Extra $8.4 Billion

4/2/2026

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Story summary
  • The Joint Economic Committee's Democratic minority says American drivers have spent an extra $8.4 billion on fuel costs since the onset of the Iran war.
  • Gas prices have risen to $4.08 per gallon, affecting consumer spending habits.
  • A CBS News poll finds one-third of Americans adjusting budgets due to rising fuel costs, with Texas and California bearing the largest increases.
  • The White House claims prices will drop once military operations conclude.