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Moneywatch - CBSNews.com

Over half of Americans say their finances are worsening, Gallup poll finds Gas prices jump to their highest level since start of Iran war Taylor Swift files to trademark her voice and image amid rise in AI deepfakes United Arab Emirates says it will permanently leave OPEC on May 1 Will the Fed cut interest rates? Here's what to expect at Wednesday's meeting. Hundreds of Google workers urge CEO to refuse classified AI work with Pentagon The legal showdown between Elon Musk and Sam Altman begins today. Here's what to know. California billionaire tax secures enough signatures to make ballot United Airlines CEO says he approached American Airlines to discuss possible merger Prediction markets in hot seat over rogue bettors and insider trading Tillis says he's prepared to move forward with Kevin Warsh's nomination for Fed chair How high energy bills, driven by new data centers, are affecting average Americans Naval escorts will likely be needed when Strait of Hormuz reopens, Chevron CEO says In 8 weeks, the Iran war has dented the U.S. economy. The damage could linger, economists say. Trump extends Jones Act waiver for another 90 days Trader Joe's customers sue over coffee's caffeine levels IEA says Iran war will keep the global natural gas market tight for two years Here are the college majors that new grads regret the most, according to a recent survey Food prices could rise more amid the Iran war. Here's how to cut costs on groceries. Planning to fly this summer? Book now before prices surge, airline experts say. Air travel prices likely to get worse in coming weeks, Chevron CEO says Only one Trump "gold card" visa has been approved so far, Commerce's Lutnick says Nearly 208,000 heated socks sold at Costco are recalled after customers report burns Meta to cut 8,000 jobs as it charges into AI JetBlue used customers' personal data to set ticket prices, lawsuit alleges How much does it cost to raise a child? Judge approves $425 million Capital One settlement. Here's what customers should know. AI is fueling a massive surge in crypto fraud schemes, IRS investigators say Why is the Trump administration considering bailing out Spirit Airlines? Rents around the U.S. are growing more slowly than they have in years
As gas prices surge, consumers search for other savings
2026-05-20 · via Moneywatch - CBSNews.com

By

Kris  Van Cleave

Kris Van Cleave

Kris Van Cleave

Emmy Award-winning journalist Kris Van Cleave is the senior transportation correspondent for CBS News based in Phoenix, Arizona, where he also serves as a national correspondent reporting for all CBS News broadcasts and platforms.

Read Full Bio

/ CBS News

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The national average for a gallon of gasoline has been ticking up since the start of the war with Iran. In Killeen, Texas, it's up $1.28, which comes to about $90 more every month for Charles Rice to fill up his truck. 

"$3.96 instead of $4.12 or $4.20 or what have you, so that's what brought me in here today," Rice said while filling up at Casey's General Stores. It's the nation's third-largest convenience store chain, with nearly 300 locations across 19 states. Two-thirds of Casey's locations are in towns of 20,000 people or less.

Store visits at Casey's are expected to jump 20% Memorial Day weekend, the kickoff of the chain's 100 days of summer, said Casey's CEO Darren Rebelez. 

"The consumers have been hanging in there, and we tend to price our fuel at the lower end," Rebelez said. 

Before the Middle East conflict erupted in February, the national average for a gallon of gas hovered just below $3.

Around the country, a gallon of gas now costs an average of $4.50, up more than $1.50 since the war started, according to AAA. And in a May 12 forecast, the U.S. Energy Information Administration estimated that retail gas prices will average $3.88 per gallon over the rest of the year and $3.62 per gallon in 2027. 

Consumers are making some trade-offs in other areas due to the rising cost of gas. Sales of Casey's self-branded snacks, which sell for about a dollar less than national brands, are up. 

"People normally want things that are going to be a little bit more affordable," said Tiffany Bishop, a customer. "Especially when you have kids that want to pick up snacks." 

Rebelez said a lot of consumers will come to Casey's because it's a more affordable option.

"When we get into times like this, where you know, budgets are stretched a little bit, we're viewed as a better value option," Rebelez said. 

In: