Consumers across party lines are fed up with high gas prices
(CNN) — A gallon of unleaded gas costs 40% more today than it did last year. A gallon of diesel is running nearly 75% higher. High gas prices and high inflation are causing US consumer sentiment to reach historically low levels, according to data from the University of Michigan. The October consumer sentiment index was the second lowest on records dating back to 1978, with a record low of 44.8 set in May due to oil supply shocks from the Iran war. The average gallon of unleaded gas costs 40% more than it did in October 2025. Diesel, at $6.32 a gallon, is nearly 75% higher than last year. Consumer sentiment is now 10% below where it was last year and 15% down from February. Consumers are frustrated that their purchasing power has declined while prices continue to climb higher, with 56% mentioning that higher prices are negatively affecting their personal finances. The recent rise in interest rates is also contributing to decreased homebuying conditions.
Publicado : Hace 4 días por CNN, Alicia Wallace, Matt Egan en Finance
(CNN) — A gallon of unleaded gas costs 40% more today than it did last year. A gallon of diesel is running nearly 75% higher.
As for Americans’ optimism about the economy 11 days before the midterm e... [3617 symbols]
Temas: Oil & Gas, Energy Sector, Oil Sector
