Republican Midterm Hopes Are Collapsing As Gas Prices Fall To Lowest Since May

Last updated on July 18th, 2023 at 01:54 pm

Republicans were counting on high gas prices to fuel their red wave in November, but gas prices have now hit their lowest point since May.

According to AAA, the average price for a gallon of gas is $4.49. The price of gasoline has fallen fifty-two cents since the record high on June 14. Gas prices have fallen three cents since yesterday, and twenty-four cents compared to last week. Prices are still $1.32 higher per gallon than last year.

Gas prices are falling due to some of the actions taken by the Biden administration and reduced demand. Consumers are deciding that they aren’t going to price gouged and have reduced their consumption until the price of gasoline becomes more affordable for them.

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Republicans have been counting on high gas prices and high inflation to carry them to control of Congress in November, but if gas prices fall, it will help to lower inflation, and as the house cards that Republicans were hoping for collapse, the red wave that they have been dreaming of will vanish.

The conventional wisdom of past precedent in elections has been proven wrong in the COVID era on numerous occasions. Voters can shift quickly as conditions change.

The bottom line is that the midterm environment continues to get better for Democrats each day.

Jason Easley

Jason is the managing editor. He is also a White House Press Pool and a Congressional correspondent for PoliticusUSA. Jason has a Bachelor’s Degree in Political Science. His graduate work focused on public policy, with a specialization in social reform movements.

Awards and  Professional Memberships

Member of the Society of Professional Journalists and The American Political Science Association