The Los Angeles Times on October 19 reported an estimate from Mark Zandi of Moody's Analytics: the Iran war has cost the average U.S. household almost $2,000. He attributed about $1,100 to higher energy prices, $540 to higher interest rates and $360 to military costs.
Measured prices in that article are separate from the total. AAA put Friday's regular gasoline at $4.33 a gallon, 45% above a prewar $2.98, and diesel at $6.33, 68% above $3.76. September airfares were about 22% higher than a year earlier. The Times said the Energy Information Administration expects winter heating-oil costs to be 21% higher for roughly 3% of households, mostly in the Northeast, if the weather is mild.
Grocery pass-through is not shown. The USDA forecast for grocery prices this year is now 2.4%, up from 1.7%, but the article said the war has not been separated from tariffs, weather and wages.
Has the war already added about $2,000 to every household's bills? No. The $2,000 figure is Zandi's average estimate. Higher fuel and airfares are reported; a uniform grocery increase caused by the war has not been established.
