Gas Prices Crush American Wallets

Gas prices are crushing wallets across America, forcing tough cuts in dining, entertainment, and everyday spending. After hitting a four-year high in May, prices remain far above last year’s levels, with nearly 80% of Americans adjusting their budgets. Tax refunds offered a temporary reprieve, boosting retail sales—but that cushion is fading fast. Lower-income households feel the squeeze hardest, spending a disproportionate share of their income on fuel, with economists slashing predictions for discretionary spending. With refunds gone and prices stubbornly high, the second half of the year looks grim: inflation is eating into wages, and even if global tensions ease, energy costs will ripple through everything we buy. Support the show:Get a discount at https://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/002a77144b61a167