Gas Prices Drag US Consumer Sentiment to Fresh Low in May

Customers fill up with gas in Los Angeles, on March 11, 2026. John Fredricks/The Epoch TimesThe pain at the pump dragged U.S. consumer sentiment to a fresh record low in May, according to the University of Michigan. The widely watched Survey of Consumers declined for a third consecutive month to 44.8, revised down from the preliminary estimate of 48.2 earlier in May.