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JP Morgan is predicting $5/gallon gas. Apparently gas prices are one of the best indicators to predict presidential support. In normal times, this seems unfair-
by 0cf8612b2e1e 6mo ago
JP Morgan is predicting $5/gallon gas. Apparently gas prices are one of the best indicators to predict presidential support. In normal times, this seems unfair-lots of external factors can influence gas prices. Rare that you can so directly point towards administration action causing an effect.
Every day this conflict continues is going to have devastating political outcomes. I largely subscribe to the belief that Kamala losing was a reflection that people were mad at inflation.
- carefree-bob 6mo agoThe problem here is that gas prices have bifurcated to the point that an "average" doesn't mean much. I'm pretty sure I know how California will vote regardless of the gas price, but gas in Texas and much of the midwest will remain cheap. This map should be eye opening. https://gasprices.aaa.com/ https://gasprices.aaa.com/
- 0cf8612b2e1e 6mo agoFor sure. I am in SoCal, and when I hear people complaining of the “$4 gas”, I can only laugh. I still believe the average represents a real increase being borne across the country, even if it is felt unevenly.
- bdangubic 6mo agoGas is Texas is not that much cheaper than national average and will hit $4 soon if this “war” continues. I have several friends in Texas who are livid about gas prices.