Don't Bet Against American Consumers

May 17, 2022 1 min read
Don't Bet Against American Consumers

How much pain at the pump can consumers take? The national retail price of a gallon of gasoline soared to $4.59 during the May 16 week.

A year ago, American households spent about $2800 at an annual rate on gasoline. During March, they spent roughly at a $3800 rate. During May, they are spending at an annual rate of almost $5000.

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