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The spike in gas prices is worsening the K-shaped economy

A new report from the Federal Reserve Bank of New York showed what higher prices at the gas pump mean for the K-shaped economy and low-income earners.

First seen · 3:35 PM UTCMay 6, 2026

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Business Insider
Center-LeftAxel Springer SE
The spike in gas prices is worsening the K-shaped economyA new report from the Federal Reserve Bank of New York showed what higher prices at the gas pump mean for the K-shaped economy and low-income earners.
3:35 PM UTC

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