"Gas prices have spiked since the Iran war began on Feb. 28, when the average price of U.S. regular gasoline sat at $2.98 a gallon (1). According to AAA, on May 7 it was $4.56 - an increase of 53% (2)."
"Researchers say there might be more Americans with "super commutes" since the pandemic. According to a 2024 study by researchers at Stanford University and INRIX that looked at the 10 largest cities in the U.S., the number of people making commutes more than 75 miles had increased 32% since the pandemic (3)."
"However, Bloom also told the WSJ that there has recently been an increase in Americans' work-from-home days: from 24.7% of days in February 2026 to 26.9% of days in March 2026."
"If you are a hybrid worker, it makes sense to push for as many work-from-home days as possible while gas prices remain elevated. But for the nearly 63% of Americans who work fully on-site, according to the WSJ and the Stanford study, there may be no choice but to gas up and head to work."
Gas prices in the U.S. increased more than 50% since late February, rising from $2.98 per gallon to $4.56 per gallon. Higher fuel costs create cash pressure for people with long commutes or jobs that require driving. Research indicates more Americans are making “super commutes” over 75 miles, with a 32% increase since the pandemic across the 10 largest U.S. cities. While remote work expanded early in the pandemic, it declined from 2021 to 2023 and then flattened, though work-from-home days have recently increased slightly. Fully on-site workers may have limited options beyond paying for fuel and commuting.
Read at Moneywise
Unable to calculate read time
Collection
[
|
...
]