Americans face largest share of war-related global fuel inflation burden
The United States accounts for 160 billion dollars of a 468 billion dollar global increase in fuel costs stemming from Middle East conflict, according to research from CREA.
FTMQ Climate, written by our newsroom0 views
United States consumers are carrying the largest burden of global fuel inflation caused by war in the Middle East, Oilprice reported. Data from the Centre for Research on Energy and Clean Air shows American consumers account for 160 billion dollars of the total global increase. [1]
The Finnish energy and climate research outlet estimates that total global fuel inflation has reached 468 billion dollars since the conflict began. According to Oilprice, the Centre for Research on Energy and Clean Air reported that Americans are paying the highest total amount globally. [1]
The research organisation also determined that United States residents face the highest additional fuel costs on a per-capita basis. Global benchmark oil prices such as West Texas Intermediate, Brent Crude, and Dubai Crude are determined by global supply and demand dynamics. [1][3]
In short
- Global fuel inflation driven by conflict in the Middle East has reached an estimated 468 billion dollars.
- The United States accounts for 160 billion dollars of the total global fuel inflation.
- American consumers are paying the most in additional fuel costs both in total and on a per-capita basis.
Sources
Every paragraph above points to the numbered items it rests on. Read the originals here.
- [1]Americans Hit Hardest by War-Driven Oil Price SurgeOilprice, 7d ago (the report this story comes from)
- [2]Americans Hit Hardest by War-Driven Oil Price SurgeCrude Oil Prices Today | OilPrice.com, 7d ago
Background
- [3]Price of oil on Wikipedia
- [4]Sorry Seems to Be the Hardest Word on Wikipedia
Our newsroom writes these reports with the help of software, from the 4 sources listed and nothing else, and checks them against those sources. Facts can still be wrong or move on; the originals are the record. Spotted a mistake? Write to daniel@monsterkong.com.
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