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Consumers look resilient on the surface, but $4 gas was a tipping point and Costco members are filling up more often in case prices go even higher (opens in new tab)

Covers 7 stories including Key inflation gauge worsens, eroding Americans’ income and spending power

Covers 7 related stories

Key inflation gauge worsens, eroding Americans’ income and spending power

Discussed on r/news

Gas prices eclipse $4 a gallon in the US, the highest since 2022

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Retail sales up 0.5% in April from March as higher gas prices leave less room for nonessential items

Walmart delivers another strong quarter but economic uncertainty clouds outlook for retail sector

US grocery prices rose in April, but gas spikes weren’t the only reason

Discussed on r/Economics

Trump claims he’s making food more affordable but his examples ignore the big picture

Trump touted bigger tax refunds this year, but Americans will likely spend them on gas