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Home/News Feed/US households spent nearly $450 more on energy amid Iran War, straining budgets and savings.
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US households spent nearly $450 more on energy amid Iran War, straining budgets and savings.

Market News
29 May 2026
CNBC
View Source
Bearish
pluang ai news

American households have paid an average of $447.19 more on energy costs since the Iran War began, totaling nearly $60 billion nationwide, according to Moody's Analytics. Rising prices for gasoline, diesel, and jet fuel have driven this increase, forcing consumers to dip into savings and increase debt. If the conflict continues, the average household could face nearly $2,000 in extra energy expenses over a year, potentially dampening consumer spending and slowing the economy. Lower-income households are expected to be hit hardest, with credit card debt and reduced savings rates already signaling financial strain.

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