BofA Sees Customer Gas Spending Jump 16%, But Discretionary Spending Holds Up
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Source: Zero Hedge
Published: 2026-04-16 01:45 UTC+10:00
Section: General
Factuality Score: 100
Opinion Category: Neutral
Topics: Business, Transport, Energy, Financial Markets, Tax & Budget
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Snippet:
The national average for 87-octane gasoline has remained above the politically sensitive $4-a-gallon level for two straight weeks after the largest monthly jump in AAA data going back two decades. The fuel shock has Wall Street analysts focused on whether surging pump prices will begin crowding out discretionary spending.
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