Iran War Is Costing Every American at the Pump — Here Is How Much
The ongoing standoff between the United States and Iran over the Strait of Hormuz is adding a hidden tax to American gas prices. With negotiations stalled and Iran maintaining effective leverage over one of the world's most critical oil chokepoints, energy analysts say consumers in every U.S. state are paying more at the pump than they should be. The disruption to normal shipping through Hormuz, affecting 20 percent of global oil supply, is being priced into global crude markets daily. Economists warn that if the current diplomatic stalemate extends through summer, peak driving season prices could test historic highs in multiple regions. WooGlobe Ref : WGA463597
As featured on
I’m not a knee-jerk, anti-tax fellow. While no one enjoys paying taxes, I recognize that federal, state and local levies fund a broad range of critical needs, including schools, parks, libraries, police, public health and scientific research.
