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$100 billion
“The war in Iran has now cost U.S. consumers $100 billion in higher energy prices, and the bill is rising another $1 million about every two minutes, per a real-time estimate from Brown University as of Monday morning,” Axios reports. “Energy inflation shows up across the entire economy, and the recent surge in diesel prices in particular threatens to have a dramatic impact on freight and travel in the weeks and months to come.”
“Just because it looks like we’re going in the wrong direction doesn’t mean that’s the direction we are going.”
— Energy Secretary Chris Wright, on Fox News.
4%
“U.S. wholesale prices surged last month as the Iran war drove up the cost of energy,” the AP reports. “The Labor Department reported Tuesday that its producer price index — which measures inflation before it hits consumers — rose 0.5% from February and 4% from March 2025. The year-over-year gains was the biggest in more than three years. Energy prices surged 8.5% from February.”
