Americans have paid $73B+ in Iran war gas hikes. How high can they get?

The average price US drivers pay for a gallon of gas hit $4 on Monday, as fighting between the United States and Iran intensified, further disrupting oil flows through the Strait of Hormuz.

Prices have jumped from $2.98 a gallon on average before the war as the conflict has cut off most oil flowing through the critical Strait of Hormuz.

CNN senior business reporter David Goldman breaks down increased costs per household due to the Iran war, and CNN global economic analyst Rana Foroohar details rising inflation and China's maritime advantage as blockades impact global markets.

0:00 How much is the Iran war costing American families? 2:29 Could the national average gas price hit a record high? 3:40 Economist explains rising inflation: "We've been here before" 7:24 Will Trump's new tariffs beat potential court challenges?

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