economy2 days ago
Fuel Prices Stay High as Midterm Looms, Testing Trump's Economic Legacy
Gas and diesel prices remain elevated ahead of the November 3 midterms, with little sign of relief. The national average for gasoline sits at $4.36 per gallon, while diesel hovers near $6.28. Prediction markets assign an 87% chance that gas stays above $4 on Election Day. These high costs, driven by the ongoing Iran conflict and supply chain disruptions, are a top voter concern, particularly in competitive Senate races in agricultural and heating-heavy states. While the administration has attempted various measures to lower prices, analysts suggest these actions offer only temporary or minimal relief.