Americans are once again paying more at the pump as gasoline prices climb amid continued U.S. military strikes on Iran.
According to a new report from Brown University, Americans have spent an additional $35 billion on gasoline since the war with Iran began on Feb. 28. The report estimates the average driver is spending about $300 more per month on fuel than before the conflict.
Gas prices have increased by nearly 30% since the war began. The national average peaked in May at $4.63 per gallon before dropping below $4 last month following President Donald Trump’s announcement of a ceasefire.
GAS CALCULATOR – See how much more you’ve been paying at the pump
However, prices have begun rising again as the United States completes a fifth consecutive day of missile strikes on Iranian forces.
As of Thursday morning, the national average price for a gallon of regular gasoline is $3.94, according to the report. That’s 10 cents higher than a week ago, but 10 cents lower than one month ago.
Drivers who want to see how higher fuel prices are affecting their budgets can use NBC News’ gas cost calculator, which estimates the added cost based on individual driving habits.
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