Bob Elliott: Higher gas prices start to affect U.S. household spending power

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20.04.2026

Bob Elliott: Higher gas prices start to affect U.S. household spending power — Gas prices hit household spending

Bob Elliott warns that increased gas prices are beginning to impact real household spending power in the U.S. as the effects of higher refunds are realized.

Elliott cautions that if gas prices remain at levels indicated by the forward curve, households will continue to face financial pressure through year end.

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Earlier this year, Elliott cited strong household spending in the early weeks of the month as a factor supporting economic growth, according to his observation in previous analysis. He has also pointed to the impact of oil-driven inflation and weaker demand, noting rising global stagflation risk in comments tied to flash PMI data. The latest remarks come as gas prices continue to pressure U.S. consumer finances.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.

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