Petrol Prices Pinch American Spending Habits The recent warning from Walmart, America's largest retailer, about the impact of higher petrol prices on consumer spending is a stark reminder that even the most optimistic forecasts can be upended by unexpected events.
As the war in Iran continues to squeeze household budgets, Americans are starting to feel the pinch.
Walmart's finance boss, John David Rainey, has been closely monitoring petrol prices and expects them to remain high for the coming months.