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Iran War Pushing U.S. Household Energy Costs Up Nearly $450

American households have absorbed nearly $450 in additional energy expenses since the Iran War began, totaling roughly $60 billion across the consumer base, according to Moody's Analytics data.

Gasoline price increases account for approximately half the burden, with pump prices climbing more than 47 percent since March to $3.39 per gallon. Diesel fuel costs have surged similarly, driving over $20 billion in extra consumer spending as delivery trucks and maritime transport face higher operating expenses.

Airline fares jumped more than 20 percent year-over-year in April, partly reflecting jet fuel cost increases that have extracted nearly $10 billion from consumer wallets.

Moody's Chief Economist Mark Zandi warned that continued conflict could push annual household costs toward $2,000. Financially strained consumers may be forced to reduce spending and increase debt, he cautioned.