Republicans · Iran · Donald Trump · Axios
Gas prices are rising again, and so is GOP grief in the midterms
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When Republicans thought they'd caught a break on gas prices, the collapse of President Trump's Iran deal is derailing their best chance to change the inflation story before the midterms.
Key facts
- Krosnick, in a 2016 study looking at three decades of evidence, found that a 10-cent increase in gas prices caused a 0.6% drop in a president's approval ratings
- When Republicans thought they'd caught a break on gas prices, the collapse of President Trump's Iran deal is derailing their best chance to change the inflation story before the midterms
- The Republican-controlled Congress approved a housing affordability bill that Trump panned
- As gas prices go, so may GOP hopes in the midterms
Summary
Falling gas prices are one of the most tangible ways to ease voter anger over inflation. Trump has said repeatedly that gas prices will "drop like a rock" when the war is over. When the U.S. first launched attacks on Feb. 28, average gas prices nationally were $2.98 a gallon, per AAA. Surprisingly, Americans typically don't punish politicians for their own economic suffering; instead, they tend to look at how government policies are affecting the country overall.