Americans to Pay $1,096 Extra at Gas Pump Due to Trump-Israel War on Iran: Markey

Key Points:

• An analysis by US Senator Ed Markey's office estimates that the average American motorist will pay nearly $1,100 more for gasoline in 2026 due to President Trump's war on Iran, with gas prices increasing by $1.16 per gallon since February.
• The report criticizes Trump's policies for exacerbating the energy affordability crisis by undermining American clean energy and favoring fossil fuels, which have seen soaring prices and record profits for major oil companies.
• Fossil fuel companies profited over $75 billion during Trump's first year, spent $445 million to support Republican candidates in 2024, and engaged in significant stock sales amid market volatility caused by the conflict.
• Public concern about rising gas prices linked to the Iran war is high, with 69% of Americans worried about fuel costs, according to a Pew Research Center survey, surpassing fears about military casualties and terrorism.
• Markey calls on the administration to address the economic impact of the war, highlighting the strain on families and small businesses, and has requested further government analysis on the consumer price effects of the conflict.