'Almost exactly offsetting the boost': Higher gasoline prices this year could wipe out tax refunds from Trump's One Bi

[riversedge]

1. "These elevated gas prices are likely to impact lower- and middle-income consumers the most, exacerbating a K-shaped eco

................In a note to clients, Oxford Economics analysts similarly calculated that consumers would spend $60 billion more on gas in 2026, should gas prices average out to $3.60 per gallon, “almost exactly offsetting the boost from refunds.”

These elevated gas prices are likely to impact lower- and middle-income consumers the most, exacerbating a K-shaped economy of wealthier Americans increasing consumer spend and lower-income households struggling to make ends meet. The bottom 80% of earners spend close to 4% of their budget on gas—nearly twice as much as their higher-income counterparts, Oxford analysts wrote.

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