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DoD Estimates Fuel Will Cost Over $3 Billion More Than Expected In FY ‘22, Comptroller Says

DoD Estimates Fuel Will Cost Over $3 Billion More Than Expected In FY ‘22, Comptroller Says
Pentagon Comptroller Mike McCord. (DoD photo by Lisa Ferdinando)

The global increase in fuel prices is estimated to cost the Pentagon over $3 billion more in fiscal 2022 than it had originally expected, the department’s comptroller told lawmakers on Wednesday.  While the final FY ‘22 budget Congress passed in March factored in $1.5 billion to cover increased fuel costs, DoD Comptroller Mike McCord said the Pentagon believes the current rate of inflation will likely leave another $1.8 billion in fuel cost increases through the end of the fiscal year.…

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