June 1, 2026
America’s less energy-intensive economy braces against Iran war shock

Data: Axios analysis of Energy Information Administration and Bureau of Labor Statistics data; Note: March 2026 measure assumes most recent weekly gasoline price reading ($3.96) and average hourly earnings rising per recent trend ($37.44).; Chart: Neil Irwin/AxiosThe U.S. has a key advantage in weathering the Iran war-triggered energy shock that was missing in previous episodes of overseas tumult: an economy that has become substantially less energy-intensive.Why it matters: Higher prices at the gasoline pump…
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