Gallup Finds 67% of Americans Hit by Gas Prices as Iran War Lifts Fuel to $4.50
Updated
Updated · Gallup · Jun 25
Gallup Finds 67% of Americans Hit by Gas Prices as Iran War Lifts Fuel to $4.50
3 articles · Updated · Gallup · Jun 25
Summary
Two-thirds of Americans in Gallup’s June 1-15 poll said gas prices caused household financial hardship, with 17% of those affected describing it as severe.
Fuel costs jumped from below $3 a gallon early this year to $3.99 in March, $4.12 in April and about $4.50 through much of May as the Iran conflict disrupted oil flows.
57% said high gas prices made them drive less and 46% said they changed summer vacation plans; those shares were below 2022 levels when prices neared $5.
Lower-income households were hit hardest: 77% of adults earning under $50,000 reported hardship and 28% called it severe, versus 59% and 8% among those earning $100,000 or more.
Economic sentiment improved slightly in June as pump prices eased to $4.05 in the week of June 8, with Gallup’s Economic Confidence Index rising to -38 from -45 in May.