Caroline McNaney, 29, moved to Trenton, N.J., to work from home. She says she was disappointed by the cost of gas, which has gone up. "I feel like I didn't do anything for myself," she says. "It's like I'm doing something for someone else"

The national average for a gallon of gasoline is $4.07, up more than 10 percent from a week ago. The last time consumers dealt with such a period of sharp price increases was when the global economy came undone during the 2008 financial crisis. “I feel like he wants us to go out and spend money into the economy, but at the same time everything is being inflated,” she said.

High gas prices are hitting during multiple crises, including Russia’s invasion of Ukraine. Gas prices were already increasing before the invasion last month. But calls in recent days from U.S. lawmakers and others to ban Russian oil imports have spurred worries about another hit to global supplies.

The extreme prices could be fleeting. Accelerating production in the shale oil fields of Texas and other regions is expected to begin replenishing supplies soon. Michael Feroli, chief U.S. economist at J.P. Morgan, said he expected consumer spending to slow over the next few months.
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