Michigan Senate nominee Abdul El-Sayed put Trump’s “I did that” stickers on gas pumps Tuesday as former Vice President Kamala Harris campaigned with him. He blamed Trump and Washington Republicans for prices AAA said had reached $4.93 a gallon.
AAA said $4.93 was a 2026 high in Michigan, 72 cents above the prior month and $1.75 higher than a year earlier. Mark Zandi, Moody’s Analytics’ chief economist, estimated Americans had absorbed $115 billion in additional costs since the Iran war began, about $860 per household.
The article linked much of the added cost to global oil-supply disruption since the war began. Saudi Aramco CEO Amin Nasser said more than 2.6 billion barrels had been removed or disrupted from the market by August; he estimated rebuilding depleted inventories could take up to 18 months even if the Strait of Hormuz reopened immediately. AAA data cited by CBS News put U.S. diesel at a record $6.53 a gallon Tuesday, nearly 80% above the start of the war.
