economy
Higher gas prices have cost U.S. drivers an additional $8.4 billion, Democrats say
Updated on: April 2, 2026 / 11:35 AM EDT / CBS News
TL;DR
- U.S. drivers have paid an additional $8.4 billion in fuel costs since the Iran war began on February 28th.
- The average gas price reached $4.08 per gallon nationwide in March.
- Specific vehicle models, like the Toyota RAV4 and Ford F-150, have seen significant increases in fill-up costs.
- Consumer spending remains robust according to credit card data, but some are delaying large purchases.
- Texas and California have experienced the largest increases in fuel costs for residents.
- The White House predicts a drop in gas prices after the 'Operation Epic Fury' concludes.