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Story summary
- Affirm Holdings closed nearly unchanged on Friday after reporting fiscal fourth-quarter earnings.
- CEO Max Levchin told CNBC that the $4.09-per-gallon national average gas price is weighing on shoppers.
- He noted gas prices fell from above $4.50 in May but remain above pre-Iran-war levels.
- Levchin said inflation drives shoppers to budget carefully, raising demand for Affirm’s buy-now, pay-later service.
