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With gas prices through the roof, more travelers are considering alternative vehicles to control costs. But how much will you really save?
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The unofficial start of the summer travel season marks a major test for consumers and the economy. And the pressures on consumers caused by higher gas prices are about to get worse, experts say.
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Consumer sentiment has tumbled to a fresh record low in May as fears of higher prices grow due to the U.S.-Iran war and elevated oil prices.
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Oil Prices Jump on Impasse Over Reopening the Strait of Hormuz The New York TimesOil prices fall as investors hope for U.S.-Iran deal CNBCOil Edges Up After Plunging on Optimism Over US-Iran Agreement Bloomberg.comOil Prices Drop as Trump Says Iran Negotiations Are in ‘Final Stages' Barron'sDow Jones Top Energy Headlines
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"That's an indication of stress," Walmart's CFO said, as Wall Street looks for signs of the Iran war's impact on consumers.
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