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EAN has just completed our third analysis of the cost impacts of rising fossil fuel prices since the start of the war in Iran. The key takeaways are:
Price increases for gasoline, diesel, and fuel oil added $124 million in estimated costs in Vermont from March to May (from about $370 million to $494 million).
Gasoline prices were nearly 50% higher at the end of May ($4.47/gal) compared to pre-war prices ($3.00/gal). These price spikes have added more than $75 a month in costs for the average Vermont driver.
Fuel oil prices were $1.11 per gallon higher in May than at the end of February. This means that the cost of a 200 gallon fuel delivery was over $200 higher, from about $800 pre-war to over $1,000 in April and May.
You can read the entire analysis on the EAN website.
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