Americans’ confidence in US economy falls as Iran conflict sends gas prices higher

WASHINGTON (AP) — Americans’ confidence in the economy fell this month as gas prices resumed their climb after the U.S. and Iran stepped up their fighting. The Conference Board said Tuesday (July 28, 2026) that its consumer confidence index fell to 90.8 in July from 92.2 in June. Consumers view of current business and labor market conditions fell by 3.6 points to 114.9, the third straight monthly decline. Consumer attitudes had improved modestly in June as gas prices came down to around $3.70 a gallon from more than $4.50 a gallon in late April and early May. But consumer anxiety increased in July, along with the price of gas.