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NY Fed report finds gas price surge hitting lower incomes harder

By Reuters May 06, 2026 Neutral
NY Fed report finds gas price surge hitting lower incomes harder
Surging fuel costs tied to the Middle East war are putting mounting pressure on lower-income ​households while those better off financially have navigated the ‌situation more easily, a report from the Federal Reserve Bank of New York said.
Surging fuel costs tied to the Middle East war are putting mounting pressure on lower-income ​households while those better off financially have navigated the ‌situation more easily, a report from the Federal Reserve Bank of New York said.