New analysis from the Centre for Research on Energy and Clean Air estimates that global diesel and gasoline spending increased by $468 billion due to disruptions stemming from the Hormuz conflict since late February. The study suggests that the United States has shouldered a disproportionate share of this global burden.
CREA attributes $160 billion, or roughly one-third of the global total, to the U.S. economy. On a per-capita basis, American consumers face an estimated additional cost of $471, significantly exceeding the worldwide average of $60 per person. The organization notes that this disparity arises from high fuel consumption in the United States rather than larger-than-average percentage price spikes.
The study, which compared retail fuel prices from March 2026 onwards against January–February baselines, found diesel and petrol price increases across most of the 169 countries analyzed. According to the report, China accounted for $54 billion of the fuel inflation, while Canada faced $17 billion. These figures represent modeled spending estimates rather than direct tallies of household expenses.