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DonViejo

(60,536 posts)
Fri May 25, 2018, 09:11 AM May 2018

Trump's next economic threat: Surging gas prices

A huge jump in driving costs in recent months is likely to fuel a wave of economic anger across the nation — just in time for the midterm elections.

By BEN WHITE 05/25/2018 05:07 AM EDT

President Donald Trump is hoping a wave of tax-cut-fueled economic euphoria will boost his approval ratings and his party’s political fortunes this fall. A sharp spike in gas prices could slam the brakes on all of that.

As Americans head out for traditional Memorial Day weekend road trips, they’ll confront gas prices of nearly $3 a gallon, the highest since 2014 and a 25 percent spike since last year.

The increased cost of fuel is already wiping out a big chunk of the benefit Americans received from the GOP tax cuts. And things could get worse as summer approaches following the administration’s standoff with Iran and a move by oil-producing nations to tighten supplies.

The result: The economic and political benefits Trump and the GOP hoped to reap from cutting tax rates could be swamped by higher pump prices that Americans face every time they hit the road.

more
https://www.politico.com/story/2018/05/25/trumps-gas-prices-midterms-570916

5 replies = new reply since forum marked as read
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Trump's next economic threat: Surging gas prices (Original Post) DonViejo May 2018 OP
lol, he and his criminal circle will blame obama and hillary.... beachbum bob May 2018 #1
We Need To Get This Rise In Gas Pricing To The Front Page..... global1 May 2018 #2
Trump will just tap the Strategic Reserve. DemocratSinceBirth May 2018 #3
Of course people are upset about skyrocketing gas prices Rhiannon12866 May 2018 #4
When I go inside to pay I say loudly 3 bucks a gallon I am so tired of winning dembotoz May 2018 #5
 

beachbum bob

(10,437 posts)
1. lol, he and his criminal circle will blame obama and hillary....
Fri May 25, 2018, 09:20 AM
May 2018

not there on chaotic handling of our country and foreign lack of policy.

global1

(25,253 posts)
2. We Need To Get This Rise In Gas Pricing To The Front Page.....
Fri May 25, 2018, 09:24 AM
May 2018

This is an issue that can really sink Trump and the Repugs - both now and in Nov. Put Trump on the defensive on this issue. Dems all around the country should get before their local news media and balk at the raise in prices. Blame Trump and the Repugs. Put calls into their House Reps and Senators and make this a big issue. It is coming to a head this holiday weekend and the MSM will be all over it because of the anticipated travel over the weekend. So the timing is ripe. Compare gas prices now to when Obama was President and that will really get Trumps goat.

Bottom line it is a win-win for us because if Trump does anything to alleviate the gas prices we all benefit. In the meantime he is put on the defensive of an issue that hurts every American that drives.

Rhiannon12866

(205,544 posts)
4. Of course people are upset about skyrocketing gas prices
Sat May 26, 2018, 05:11 AM
May 2018

In the past couple of weeks, they've surpassed $3 in my neck-of-the-woods. But we know that most people are not paying attention - they need to learn why!

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