Many Americans are cutting back on everyday expenses as gas prices soar due to President Donald Trump’s war in Iran, now approaching the 10-week mark. About 44 percent of Americans said they’re driving less due to high gas prices, while 42 percent said they’ve slashed household expenses, according to a Washington Post/ABC News/Ipsos poll. In addition, the poll revealed that 34 percent have altered travel or vacation plans. Americans are changing their behaviors as national average gas prices hit $4.43 per gallon Saturday, according to the AAA motor club. This time last year, the national average was just $3.15 per gallon. Patrick de Haan, a petroleum analyst for GasBuddy, said Saturday’s average price marked a sobering new record. “The national average price of gasoline has never been higher on the second day in May than it is today,” he wrote on X.
I live in central TN. I’m a Miata guy and the cost is hurting my wallet but almost every other vehicle is a monster lifted truck with oversized tires etc. I have no idea how those guys with truck payments can afford gas.
You can really stretch the monthly payments with 7 year loans, nevermind that in the long term you overpay by a hideous margin.