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The Nexus
BUSINESSJun 7 · 04:05 UTCWPLG LOCAL 10 MIAMIBy ANNE D'INNOCENZIO, Associated Press

From unfilled gas tanks to fewer frills, retailers see US consumers rethink their spending

U.S. consumers are adjusting spending habits amid rising fuel prices linked to the Israel-Hamas war, with retailers reporting reduced gasoline purchases, fewer visits to clothing and furniture stores, and increased use of wholesale club gas stations. Executives from Walmart, Costco, and others note lower-income customers are cutting back, while economists warn of broader financial strain as tax refunds diminish.

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