Lower-income consumers are compensating for higher gas prices by buying less.

Americans, especially those in lower-income brackets, are seeing their budgets stretched by the gas affordability crisis, but analysts at Bank of America say the increase in gas prices hasn't yet reached the highs seen during the Covid pandemic.

If you were to take a cross-country road trip today, the price you’d pay for a gallon of regular unleaded gas would range from $3.38 in Oklahoma to $5.82 in California. Gas prices have always differed sharply across state lines, which means the surging ...

As high as gas prices seem now, they were more than $5 a gallon in 2022. The national average Tuesday was $4.02 a gallon; in Michigan, $3.92. The gasoline price average in Michigan reached an all-time high in 2022 of $5.22 a gallon. Now, prices are about $ ...

ROCHESTER, N.Y. — Gas prices in Rochester have risen more than 75 cents in just a month. This is the sharpest spike in prices since the pandemic. According to GasBuddy, the average price in Rochester is $4.06 a gallon, two pennies cheaper than the ...

Gas prices in Laredo soared to their highest levels in years, approaching highs last seen in the aftermath of the COVID-19 pandemic and the global market disruptions following Russia’s invasion of Ukraine. Data from GasBuddy Wednesday showed the average ...

Spread the loveThe recent spike in gas prices has opened a new chapter in economic discussions, revealing a stark divide between income classes in America. According to a recent report from the Federal Reserve Bank of New York,