00:00It's Benzinga, bringing Wall Street to Main Street.
00:02Americans spent about $45 billion more on gasoline and diesel during the war with Iran
00:07than they did during the same period a year earlier, according to the Wall Street Journal.
00:13Higher fuel costs weighed on low- and middle-income consumers,
00:17while oil and gas investors benefited from rising energy company profits and stock gains.
00:22The S&P 500 energy sector climbed 32% this year.
00:27Free cash flow across ExxonMobil, Chevron, BP, Shell, and Total Energies rose 84% in the first quarter to $36
00:37billion,
00:37according to Geologic's Evaluate Energy data.
00:41U.S. crude prices averaged nearly $99 a barrel since April 1st, up 59% from a year earlier.
00:48J.P. Morgan estimated Americans could spend $172 billion more on gasoline in 2026 if prices remain near current levels.
00:56For all things money, visit Benzinga.com.
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