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Energy Prices Crush Tax Refund Gains
Description
Three months into the U.S.-Iran tension, Americans are paying the price — average households are spending nearly $450 more on fuel than they gained from tax cuts, with diesel and jet fuel hikes driving up everything from delivery costs to airline tickets. Energy inflation is eating into buying power, especially for lower-income families, as stores like Costco see surging gas sales and big brands report shrinking budgets among struggling consumers — all while election season looms and wallets keep getting squeezed.
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