Mark Zandi of Moody's Analytics estimates the war with Iran has cost the average US household almost $2,000, with $1,100 from higher energy prices and the energy portion rising $50 a week.
01Summary
- 01The war has cost the average US household an estimated $1,100 in higher energy prices, $540 in higher interest rates and $360 in military costs.
- 02Regular gasoline averaged $4.33 a gallon on Friday, 45% above its prewar level of $2.98.
- 03Diesel prices have risen 68% since before the war, to $6.33 a gallon.
- 04Airfares in September were about 22% higher than a year earlier, and domestic fares rose from $405 to $445 by mid-2026.
- 05The Energy Information Administration expects winter heating oil costs to be 21% higher for households that rely on it.
02Why it matters
Higher fuel costs are driving up the price of driving, flying and heating homes, and could push up grocery and other goods prices if companies stop absorbing the increases.
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