The University of Michigan index fell to 44.8, its lowest reading since the survey began in 1952, as gas prices near historic highs

The preliminary snapshot released earlier in the month was dismal, comparable to levels not seen since the huge post-COVID inflation spike.

Consumer sentiment has tumbled to a fresh record low in May as fears of higher prices grow due to the U.S.-Iran war and elevated oil prices.

Americans just loathe this economy.