Story perspectives

U.S. Consumer Confidence Rises Despite Soaring Gas Prices

3/31/2026

Summary

Story summary

The Conference Board reports U.S. consumer confidence rose to 91.8 in March despite higher energy prices from ongoing war in Iran.
The Conference Board reports a 4.6-point rise in the current situation index and a 1.7-point drop in expectations index.
Gas prices averaged $4.02 per gallon, the highest since 2022, as February payrolls declined by 92,000.
The Federal Reserve is monitoring these trends amid ongoing economic uncertainty and rising costs.

History

Historical Context

In 2022, U.S. consumer confidence reached 91.8, reflecting a 4.6-point rise in the current situation index despite rising energy prices linked to the Iran conflict. This mirrors the 1979 oil crisis, which similarly affected consumer sentiment. The Federal Reserve's response highlights ongoing economic uncertainty, emphasizing the importance of consumer confidence in shaping future monetary policy.

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Story summary

The Conference Board reports U.S. consumer confidence rose to 91.8 in March despite higher energy prices from ongoing war in Iran.
The Conference Board reports a 4.6-point rise in the current situation index and a 1.7-point drop in expectations index.
Gas prices averaged $4.02 per gallon, the highest since 2022, as February payrolls declined by 92,000.
The Federal Reserve is monitoring these trends amid ongoing economic uncertainty and rising costs.

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