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BofA Sees Customer Gas Spending Jump 16%, But Discretionary Spending Holds Up

BofA Sees Customer Gas Spending Jump 16%, But Discretionary Spending Holds Up The national average for 87-octane gasoline has remained above the politically sensitive $4-a-gallon level for two straight weeks after the largest monthly jump in AAA data going back two decades. The fuel shock has Wall Street analysts focused on whether surging pump prices will begin crowding out discretionary spending. Bank of America CFO Alastair Borthwick told analysts on a conference call earlier today that the fuel shock at the pump has not undermined overall consumer strength so far, though...
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Apr 14, 2026 / Tyler Durden
Netanyahu Boasts: Trump Admin Briefs Me Every Day On Iran
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Mar 3, 2026 / Dave DeCamp
US Navy May Escort Tankers Through the Strait of Hormuz
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Mar 30, 2026 / Tyler Durden
Iran Alleges Series Of 'False Flags' - Including On Kuwait Water Plant - Designed To Perpetuate War
Iran Alleges Series Of 'False Flags' - Including On Kuwait Water Plant - Designed To Perpetuate War Via The Cradle The Iranian military denied on Monday being behind the recent attack which hit a desalination plant in Kuwait, labeling the strike a US-Israeli false-flag operation aimed at "destabilizing and destroying the region." "The brutal aggression by the Zionist regime against the desalination facility in Kuwait, carried out in recent hours under the pretext of accusing the Islamic Republic of Iran, is a sign of the vileness and depravity of the Zionist occupiers," the Khatam...
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