Gas Price Impact
How the Hormuz crisis hits your wallet at the pump
Pre-Crisis vs Current Prices
Country-by-Country Fuel Price Comparison
| Country | Fuel Type | Pre-Crisis | Current | Change | Extra/Month |
|---|
Electricity Price Impact
Higher oil and gas prices cascade into electricity costs, especially in nations dependent on gas-fired generation.
Consumer Impact Calculator
Estimate how much extra you're paying per month due to the Hormuz crisis
Select your country and fuel spend to see the estimated additional monthly cost
How We Calculate This
Consumer fuel price impacts are derived from the observed correlation between crude oil price changes and retail fuel prices in each market. The "pass-through rate" varies by country: US gasoline has a ~70% crude-to-pump pass-through over 4-6 weeks, while heavily taxed markets like the UK and India show 40-55% pass-through because taxes constitute 50-65% of the pump price. Our estimates use the latest available data from national energy agencies and may lag real-time prices by 1-3 days.
Electricity price impacts reflect the marginal pricing mechanism in liberalized power markets. In the EU, gas-fired plants often set the day-ahead clearing price, meaning even a small reduction in gas supply causes disproportionate electricity price increases. Countries with predominantly renewable or nuclear generation (France, Norway) are less affected, while gas-dependent nations (UK, Italy, Japan) see the largest increases.