Shoppers on their way to the mall are increasingly noticing prices at the gas station — and they’re not liking what they see. March consumer confidence fell 6 percent from last month, slipping back to levels last seen in December, according to the University of Michigan’s closely watched Surveys of Consumers. More from WWD “Declines were seen across age and political party,” said Joanne Hsu, director of the Surveys of Consumers. “Consumers with middle and higher incomes and stock wealth, buffeted by bot ...

Over the last month, through March 19, the average nationwide price of a gallon of regular gas has jumped by 33%, according to data from AAA. Meanwhile, the average price for a gallon of diesel has surged by 39%.The Iran war represents the largest disruption to the global energy supply chain in history. While it's possible that the release of strategic reserves by select countries may temper the near-term demand shock, the impact of this disruption and the uncertainty of how long this military conflict may ...