U.S. gas prices have surged to $4.56 per gallon, the highest since July 2022, driven by Middle East conflicts, straining consumer budgets, particularly for low-income households. Executives from various industries, including Kraft Heinz and McDonald's, report that consumers are experiencing financial stress, with many drawing down savings to cover basic expenses. The impact of rising oil prices is widespread, affecting sectors from fast food to home appliances. Whirlpool and Planet Fitness have lowered profit forecasts, citing decreased consumer confidence and spending. Economists warn that prolonged high oil prices could force consumers to adjust spending patterns, exacerbating financial pressures on vulnerable groups.