Surging gas prices will cost Americans $857 more in 2026

There have been numerous signs that the economy is under stress, as gas prices rise at a record pace; however, retail sales data, which economists rely on, are also climbing as higher pump prices have translated into higher gas station receipts.

The Iran war has driven global oil prices up by more than 30% in recent weeks, including a 24% increase in March, according to the U.S. Energy Information Administration. Leading Americans to spend more at filling stations in the largest March increase ever, according to the U.S. Census Bureau.

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