{"id":601859,"date":"2026-04-23T16:02:18","date_gmt":"2026-04-23T16:02:18","guid":{"rendered":"https:\/\/www.newsbeep.com\/us\/601859\/"},"modified":"2026-04-23T16:02:18","modified_gmt":"2026-04-23T16:02:18","slug":"americans-cut-spending-due-to-higher-gas-prices-and-see-no-relief-in-sight-cnbc-survey-finds","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us\/601859\/","title":{"rendered":"Americans cut spending due to higher gas prices and see no relief in sight, CNBC survey finds"},"content":{"rendered":"<p><img decoding=\"async\" class=\"InlineVideo-videoThumbnail\" src=\"https:\/\/www.newsbeep.com\/us\/wp-content\/uploads\/2026\/04\/1776960138_540_108296055-17769416281776941624-45455406574-1080pnbcnews.jpg\" alt=\"Trump&#x2019;s net approval rating on economy and overall falls to lowest of his two terms: CNBC survey\"\/><\/p>\n<p>Americans are feeling the pinch of higher gas prices and are not expecting relief anytime soon, according to the\u00a0<a href=\"https:\/\/www.cnbc.com\/american-economic-survey\/\" rel=\"nofollow noopener\" target=\"_blank\">CNBC All-America Economic Survey<\/a>. <\/p>\n<p>The nationwide survey of 1,000 people found nearly 80% have changed their spending habits in response to pain at the pump. The poll was conducted from April 15 to 19 and has a margin of error of 3.1%.<\/p>\n<p>More than 50% believe the increase in gas prices will last six months or longer. Pump prices have surged more than 30% to top $4 per gallon since the U.S. and Israel attacked Iran on Feb. 28, according to AAA. <\/p>\n<p>About 60% of respondents have cut back on entertainment like eating out, movies and concerts to save money. More than 50% plan to travel less. <\/p>\n<p>Around 40% are spending less on essential items like groceries and medical care. Some 30% are relying on their credit cards more. <\/p>\n<p>President <a href=\"https:\/\/www.cnbc.com\/donald-trump\/\" rel=\"nofollow noopener\" target=\"_blank\">Donald Trump<\/a> has largely dismissed voters&#8217; concerns. Trump said last week that gas prices &#8220;<a href=\"https:\/\/www.cnbc.com\/2026\/04\/16\/trump-gas-prices-iran-war.html\" rel=\"nofollow noopener\" target=\"_blank\">are not very high<\/a>.&#8221; He referred to rising oil prices in an interview with CNBC earlier this week as &#8220;peanuts.&#8221;<\/p>\n<p>The president told CNBC he is surprised that prices are not much higher due to the war. &#8220;If you would have told me that oil is at 90 as opposed to 200 I would be frankly surprised,&#8221; he said.<\/p>\n<p>Energy Secretary <a href=\"https:\/\/www.cnbc.com\/2026\/04\/19\/gas-prices-drop-until-next-year-wright.html\" rel=\"nofollow noopener\" target=\"_blank\">Chris Wright<\/a> said Sunday that gas may not drop below $3 per gallon until next year. <\/p>\n<p><a href=\"https:\/\/www.google.com\/preferences\/source?q=https:\/\/www.cnbc.com\/\" target=\"_blank\" rel=\"noopener noreferrer nofollow\">Choose CNBC as your preferred source on Google and never miss a moment from the most trusted name in business news.<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"Americans are feeling the pinch of higher gas prices and are not expecting relief anytime soon, according to&hellip;\n","protected":false},"author":2,"featured_media":576156,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[36],"tags":[449,116,1071,28,122,1072,12,101,1872,88,801,803,112,45063,111,2603,21],"class_list":{"0":"post-601859","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-economy","8":"tag-breaking-news-economy","9":"tag-breaking-news-markets","10":"tag-breaking-news-politics","11":"tag-business","12":"tag-business-news","13":"tag-donald-j-trump","14":"tag-donald-trump","15":"tag-economy","16":"tag-energy","17":"tag-entertainment","18":"tag-iran","19":"tag-israel","20":"tag-markets","21":"tag-oil-and-gas","22":"tag-politics","23":"tag-social-issues","24":"tag-united-states"},"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts\/601859","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/comments?post=601859"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts\/601859\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/media\/576156"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/media?parent=601859"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/categories?post=601859"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/tags?post=601859"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}