US consumer confidence inches up despite soaring gas prices brought on by war in Iran

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US consumer confidence inches up despite soaring gas prices brought on by war in Iran
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U.S. consumer confidence inched higher in March despite soaring energy prices brought on by the war in Iran.

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Here’s what you need to know.9 minutes agoRead full article: ‘See you there’: Original Burger Boy restaurant to reopen April 1 after kitchen fire This image released by Netflix shows Selena in a scene from the documentary"Selena y Los Dinos: A Familys Legacy." Bexar County man sentenced to life in prison for continuous sexual abuse of childRay Ruda fills his van with fuel at a gas station Wednesday, March 25, 2026, in Brentwood, Tenn. The Conference Board said Tuesday that its consumer confidence index rose modestly to 91.8 in March from 91 in February.The board said that while rising costs due to tariffs and spiking oil prices induced by the conflict in the Middle East did not affect the topline confidence reading, there was increasing pessimism in other measures of the survey, including expectations of higher inflation. Respondents’ comments about oil, gas and the war spiked and consumers’ 12-month inflation expectations surged to levels last seen in August 2025 when anxiety over tariffs peaked. U.S. gas prices jumped past an average of $4 a gallon for the first time since 2022 on Tuesday as the war caused fuel prices to soar worldwide. According to motor club AAA, the national average for a gallon of regular gasoline is now $4.02 — up more than a dollar before the war began. The last timeA measure of Americans’ short-term expectations for their income, business conditions and the job market fell 1.7 points to 70.9, remaining well below 80, a marker that can signal a recession ahead. It’s the 14th consecutive month that reading has come in under 80. The index for consumers’ assessments of their current economic situation rose by 4.6 points to 123.3. Government data from earlier in March showed that an inflation gauge closely monitored by the Federal Reserve moved 2.8% higher in January in the latest sign that prices were Excluding the volatile food and energy categories — which the Fed pays closer attention to — core prices rose 3.1%, up from 3% in the prior month and the highest in nearly two years. Those higher prices and the prospect of even higher inflation due to the Iran war makes it unlikely that the Federal Reserve will cut interest rates any time soon. Copyright 2026 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed without permission.No active threat on campus at Hill Country Prep High School in BulverdeProposed border wall threatens prehistoric cave artHundreds of millions of dollars lost each year to scams at crypto ATMsFamily reacts to guilty verdict in Christopher Preciado trialCastle Hills police department says the armed suspect shot this morning has diedRecords show New Braunfels ISD pulling, restricting more books than it has publicly listed74 year old woman hit crossing South General McMullenNew emissions test could cost Bexar County vehicle ownersSan Antonio attorney admits stealing over half a million dollars from children's inheritance.Spurs respond after viral video at game sparks backlash

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