Iran War Fuel Costs Soar

It's Benzinga, bringing Wall Street to Main Street. GasBuddy analyst Patrick DeHaan says Americans have spent an additional $138.8 billion on gasoline and diesel since March 1st amid energy shocks caused by the Iran war. In a post on X on Tuesday, DeHaan said the extra spending could purchase nearly 338,000 homes at the median U.S. home price of $410,700. That would accommodate roughly 850,000 people, comparable to the population of Indianapolis. According to AAA, the national average gasoline price fell slightly to $4.26 per gallon Wednesday, while diesel remained above $6. Iran has rejected negotiations over reopening the Strait of Hormuz until the U.S. meets Tehran's conditions. For all things money, visit Benzinga.com.